Greek deficit 'endangers' euro, EU commission says

Soaring public deficits in euro countries such as Greece weaken the credibility and "endanger" the cohesion of the common currency, according to a leaked European Commission paper. Meanwhile, the Greek finance minister has rejected speculation that his country might leave the eurozone.

Growing imbalances between countries within the common currency are a "matter of serious concern for the eurozone as a whole," a paper drafted by the commission's economic and financial unit for the EU's ...