NEW YORK — The euro is falling against the dollar after European finance ministers said they would push back a decision to pay more bailout loans to Greece.
The finance ministers, who met in Wroclaw, Poland, said they would wait until October to decide whether Greece should get its next $11 billion payment from last year’s bailout. Greece needs the payment in order to avoid defaulting on its debt. A default could undermine Europe’s economy and badly hurt banks that hold Greek debt.
http://www.washingtonpost.com/business/markets/euro-falls-against-dollar-as-european-finance-ministers-meet-in-poland/2011/09/16/gIQArpbcXK_story.html
Friday, 16 September 2011
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