Thursday, January 5, 2012

Euro hits fresh lows on debt fears

[ via Reuters ] 5 Jan

Nervousness about euro zone sovereign debt sent the single currency to a 15-month low and hit European stocks on Thursday, with the first French bond auction of 2012 seen as a test of recent efforts by policymakers to ease the region's crisis.

The price France has to pay to sell 7 to 8 billion euros of longer-term bonds will measure how much relief markets have taken from the EU leaders' December plan for resolving the crisis, and the near half-trillion euros subsequently pumped into the region's banks by the European Central Bank.

Read more: Reuters
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