Saturday October 25, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Euro nears two-month low as Eurogroup prepares to meet

The euro approached a two-month low against the dollar as European policy makers prepared to meet to seek a plan to maintain Greek solvency and keep the nation in the common currency.

Europe’s shared currency fell for a fourth day against the yen, the longest losing streak in six weeks. Finance ministers from the 17-member group will meet at 5 p.m. in Brussels after Prime Minister Antonis Samaras gained enough support from lawmakers in his three-party coalition to pass the 2013 budget. Japan’s currency was little changed against the greenback after data showed the nation’s economy contracted in the third quarter at the fastest pace since last year’s record earthquake.

“Euro risk factors are dominated by all things Greek,” said Jeremy Stretch, head of foreign-exchange strategy at Canadian Imperial Bank of Commerce in London. “There’s residual uncertainty and the euro is going to remain under pressure.”

The euro declined less than 0.1 percent to $1.2711 at 7:57 a.m. London time after falling to $1.2690 on Nov. 9, the weakest since Sept. 7. The common currency dropped 0.1 percent to 101 yen after sliding 2.1 percent last week. The yen was little changed at 79.46 per dollar.

A total of 167 lawmakers in Greece’s 300-strong chamber backed the budget, with 128 voting against and four saying only that they were “present,” parliament speaker Evangelos Meimarakis said in comments broadcast live on Vouli TV.

“We’ve taken the second decisive step with even greater unity,” Samaras said. “What we’ll see from now on is recovery and growth.”

[Bloomberg]

ekathimerini.com , Monday November 12, 2012 (10:12)  
TAIPED waits for green light from Eurostat
Trade deficit shrinks on big drop in imports
SMEs unable to claim subsidies
Taxes kept growing in second quarter
Athens, Nicosia satisfied by EU leaders´ stance toward Ankara
A reference in Friday’s European Council conclusions calling on Turkey to respect Cyprus’s sovereign rights left Athens and Nicosia content with the outcome of the European Union leaders’ su...
Suspended policeman chief suspect in cousin’s murder
A 27-year-old police officer who has been suspended from duty since 2013 for extortion, is being treated as the chief suspect in a murder committed in a suburb of Piraeus on Thursday. Police...
Inside News
BASKETBALL
A win is a win is a win for Olympiakos
A bad Olympiakos defeated a worse Laboral Kutxa 63-57 to make it two out of two in the Euroleague on Friday. In a game where the two teams had an overall field goal rate of about one in thre...
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
Inside Sports
COMMENTARY
Tension for tension’s sake?
It is evident that Turkish President Recep Tayyip Erdogan feeds off tension. He would barely have achieved as much as he has – and prevailed – if he had not been so keen to confront a series...
EDITORIAL
Testing ground
The Regional Authority of Attica is a good testing ground for politicians who appear to thrive on accusations to prove whether they can actually solve major problems of a practical nature. T...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. A win is a win is a win for Olympiakos
2. TAIPED waits for green light from Eurostat
3. Trade deficit shrinks on big drop in imports
4. SMEs unable to claim subsidies
5. Taxes kept growing in second quarter
6. Thessaloniki Port expects 2014 to be record year
more news
Today
This Week
1. Woman killed in tram accident in Floisvo, south of Athens
2. Clocks to go back 1 hour on Sunday
3. Venizelos slams Turkey for 'flagrant violation of international law' off Cyprus
4. ECB vies for third time lucky in European stress tests
5. Cyprus GDP upgrade seen as boosting bailout exit plans
6. ECB bank assessment to show 6-billion-euro capital gap, Citi says
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Greece’s closed society is central to its current malaise
3. Greece must stick to reforms, says Schaeuble
4. At least 11 banks to fail European stress tests, three in Greece, report says
5. Cyprus to block Turkey's EU talks after EEZ violation
6. Samaras’s crumbling Greek exit lacks backing from economists
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.