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Euro in danger as the Greek crisis deepens and Merkel admits currency is at risk

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UK Daily Mail
Friday, February 26th, 2010

Greece’s debt crisis has plunged the euro into a ‘ difficult situation’, the German Chancellor Angela Merkel admitted last night.

The admission from the leader of Europe’s biggest economy prompted fresh fears about the collapse of the single currency.

In the gravest sign yet of the international threat posed by Greece’s crippling debt crisis, Mrs Merkel warned for the first time that the eurozone faces a ‘ dangerous’ period.

The beleaguered euro initially fell in the wake of her comments.

There was also fresh speculation that Greece’s international credit rating may be downgraded.

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This article was posted: Friday, February 26, 2010 at 4:29 am





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