As the euro declines to a one-year low against the dollar, EU finance ministers are set to meet in Nice to discuss what measures can be taken to avoid a European recession. Meanwhile, the EU internal market commissioner has warned Europe is not ready for a cross-border US-style banking collapse.
On Thursday (11 September) the euro dropped to its lowest level in 12 months to 1.3893 dollars amid fears that Europe is sliding towards a technical recession, defined as two consecutive quarter...
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