The euro appears to be the main victim of the failed EU summit, ending last Friday without agreement on future spending for the bloc.
From Friday to Monday the value of the 12-nation currency dropped 1.1 percent against the dollar, when traded in New York.
"We didn't think it would affect the euro that much, and that sentiment would turn so bad," said senior European economist at Goldman Sachs in Paris, Nicolas Sobczak, to the New York Times.
The euro has fallen 3 percent a...
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Already a member? Login hereLisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.
Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.