Euro falls to nine year low against dollar as threats mount to EU zone economies
SEAFOODNEWS.COM [Reuters] (Opinion) by James Saft Jan 6, 2014 James Saft is a Reuters Columnist
Jan 6 (Reuters) - With Greece in the ejection seat and the European Central Bank facing a no-win decision on bond buying, the euro's fall is far from over.
And that's before we consider the poor economic fundamentals, not to mention the single currency's new unpopularity with other central banks seeking a safe place to store their reserves.
The euro fell to near nine-year lows on Monday, hurt by fears that a push for vastly easier debt terms by a new Greek government, expected after Jan. 25 elections, would lead not to agreement, but to Germany opening the door to a euro exit.
A report in German media that leaders in Berlin see a euro exit by Greece as "manageable" may qualify more as a negotiating tactic than an analysis...
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