Tuesday, June 8, 2010

Double dip fear hits euro

http://www.belfasttelegraph.co.uk/business/business-news/double-dip-fear-hits-euro-14833482.html

The country's state secretary sought to play down comments likening Hungary to Greece but added that emergency cabinet meetings had taken place over the weekend and yesterday.

Phil McHugh, senior executive dealer at foreign exchange firm Currencies Direct, said there was little hope of a euro rebound.

"Within a very short space of time, the euro has swung from stable to questionable and talk of a euro collapse with countries leaving the single currency is no longer taboo."

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