Greece burns the Euro, Olympic Flame set off for London

As Greece burns the Euro, Olympic Flame set off for London. The euro fell for a third week against the dollar, reaching a four-month low, after the failure of Greek leaders to form a government increased concern the debt crisis may spread to other nations in the monetary union.

Yachtsman Ben Ainslie was the first torchbearer as the Olympic flame began its 70-day journey around Britain and Ireland on Saturday ahead of the 2012 London Games.

Over the next 10 weeks, the torch will travel 8,000 miles around England, Scotland, Wales and Northern Ireland and will also visit the Republic of Ireland. Some 8,000 people – one for every mile of the route – will take part in the torch relay as it heads for the Olympic Stadium in east London for the opening ceremony on July 27.

The flame was lit in Ancient Olympia in Greece on May 10 and handed over to the British delegation in Athens in a rain-sodden ceremony on Thursday.