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Euro Falls for Fifth Day on Fresh Greece Fears

Euro Falls for Fifth Day on Fresh Greece Fears

It may have seemed a couple of weeks back as though the problems of the euro were fading.  After Eurozone leaders finally agreed on a large bailout package for Greece, totalling at around €61 billion, the euro had enjoyed a boost.

Now, the euro is back well and truly on the slide.  Currently on its fifth consecutive drop and the largest weak streak since January, the euro is now suffering as further concerns arise.

The latest fears to hit the euro are those that the aid package for Greece may turn out to be insufficient to control the major debt crisis gripping the country.

The so-called ‘Greek story’ seems to have been lingering in the column inches for a very extended period of time.  

Yet as fresh concerns and fears surface on an almost-daily basis it seems as though the problem is far from over.

The euro fell by 0.4% against the US dollar, to $1.3377, in this morning’s early trades in New York.  As one currency expert commented succinctly to the Bloomberg news network, “people are looking at alternatives to the euro.”