Euro plunges after reports Greece could leave currency

Euro

Greece denies claims by Der Spiegel but markets reacted quickly after the report of an emergency meeting in Luxembourg. The Euro has had its worst week since January with the currency dropping starkly on the foreign exchange markets in late Friday trading after reports circulating on the internet that Greece is preparing to leave the Eurozone. Athens has subsequently denied the reports.

The Greek Deputy Finance Minister, Filippos Sachinidis, told Reuters: “The report about Greece leaving the Eurozone is untrue. Such reports undermine Greece and the Euro and serve market speculation games.”

So all who bought the Turkish Lira at 2.28 on Thursday and can now buy back at 2.21 today and make a bit of pocket money for the weekend.

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