The Euro plummeted to the
lowest level 4-months against the US Dollar on Tuesday amid fears that a
new outbreak of political uncertainties in Greece and the turn of the
President of France will be threatening discourse of savings is seen as
the key to tackling the debt crisis in the Euro zone. Euro
mired below psychological $ 1.30 after left-wing Coalition Party
leaders said that the commitment of the State of Greece Greece bailout
deal to Eu/IMF cancel, leaving the question of the ability of Greece to
avoid defaults and persist in block 17 of those countries.
"Euro
react negatively to the news from Greece, although some of what it says
has been previously thought," said Camilla Sutton, Chief currency
analyst at Scotia Capital in Toronto. "Political Risk still put the Euro in a very vulnerable position. The
closure of the daily newspaper under the lowest level Monday at $
1.2955 a potentially urgent technical territory bearish. " In
the meantime, Francois Hollande President-elect plan France to focus
more on growth in the debt crisis at risk of creating tension with
Germany leading fiscal austerity program.
Posted in: The Political Uncertainty That Destroy The Euro