Thursday, May 31, 2012

Euro slumps to a two-year low

In a hard-hitting report on the dire state of the economy, the European Commission called for drastic action to prevent catastrophe tearing the region apart.

The single currency crashed to its lowest level for nearly two years last night as Brussels warned that the eurozone faces ‘financial disintegration’.

It proposed that money set aside for keeping debt-ridden governments afloat should now be used to rescue troubled European banks.

Read more:Daily Mail


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