Arab Today, arab today euro slides against dollar on greek debt worries
Last Updated : GMT 15:47:44
Arab Today, arab today
Arab Today, arab today

Euro slides against dollar on Greek debt worries

Arab Today, arab today

Arab Today, arab today Euro slides against dollar on Greek debt worries

New York - Spa

The euro is falling against the dollar as investors worried that Greece may default on its debt, according to AP. Investors are concerned that European officials won\'t give the country its next $11 billion payment in time to avoid defaulting on its debt. The payment is part of last year\'s $151 billion bailout package. On Friday, European finance ministers meeting in Poland decided to delay making a decision on whether to make the payment until October. A default could undermine the global economic recovery and hurt banks that hold Greek debt. In midday trading Monday, the euro fell to $1.3634 from $1.3791 late Friday. The British pound fell to $1.5674 from $1.5788. The dollar fell to 76.44 Japanese yen from 76.87 Japanese yen but rose to 0.8836 Swiss franc from 0.8760.  

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