Risks escalate on euro crisis
Pavel Constantin
27 August 2012 07:44:00 |
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The euro zone crisis returns to haunt the market, as Greece is close to needing a third tranche of financial help next month. Greece's leaders later this week will take a tour to meet European leaders. The sentiment is negative, as Germany and France may not relax their demands. This will dampen market sentiment.The euro fell against the US dollar for the first time in a week on Friday, as questions regarding how the European Central Bank plans on containing the euro-zone debt crisis led to risk aversion in the marketplace

