Monday, 7. May 2012
Topic: EU - on May 7, 2012 at 12:31:00 PM CEST
Euro declines on French and Greek election results
The euro fell against the dollar and the pound on Monday following weekend election results.
Poor performances by pro-bailout parties in Greece and the victory of Francois Hollande in France, who wants to focus more on growth, have cast doubt on European austerity plans.
The euro fell as low as $1.295, its lowest since January, and dropped to three-year lows against the pound.
... Comment
