29 January 2010

CURRENCIES: Euro Drops Again Vs USD On Greece, Spain, Portugal, Italy Budget Fears.

NYTIMES/
After a decade of growing debt, investors' confidence in Greece is jittery. Some economists believe that Greece’s budget troubles pose a challenge for the euro, which Greece adopted in 2001. The currency continues sinking to recent lows against the dollar and yen.  Many investors foresee a domino effect and are fleeing bond markets in Portugal, Spain and Italy where budget deficits have grown out of control.