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German Chancellor Angela Merkel and other senior European Union (EU) officials last night called on Greece to shelve plans to quit the single currency and urged it to see out its austerity programme.
Greece will stay in the euro despite on-going political instability as the potential economic fallout from its exit would significantly hit global markets, a fund manager has said.
An 11-year-old boy has been highly commended for his imaginative entry to a competition to find a credible plan for a euro exit.
Other euro articles
Europe's single currency reached a 15-month low against the dollar following a French bond auction which saw almost all of the €8bn of debt targeted being sold.
A draft prospectus providing details of securities which may be created by the EFSF has acknowledged the breakup of the euro in its list of risk factors.
Heavy selling of the euro saw it tumble through the $1.30 mark versus the US dollar late this morning to its lowest level since early January.
The German central bank told me in no uncertain terms last week it was not printing Deutsche Marks, despite growing speculation - and a number of sources - pointing to the contrary.
Nationals round-up: Terry Smith delivers on his promises, a comparison of equity release and downsizing and what the eurozone crisis means for your clients.
Angela Merkel and Nicholas Sarkozy are set to meet today as political commentators warn Europe is entering the end game for the crisis, which must be resolved this week to save the euro.
The OECD has warned the UK is teetering on the edge of a double-dip recession, and has called for further of quantitative easing to support the economy.
Eurozone leaders' failure to call for ECB intervention on the continent's debt crisis at a press conference yesterday caused the euro to fall to a seven week low against the dollar.
Markets are bracing themselves for some turbulent times ahead as they wait to see how effective Spain's newly-elected Prime Minister Mariano Rajoy will be in staving off a bail-out.
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