Euro falls against dollar as euro zone economy shrinks in the fourth quarter Signs that the recession is deepening in the 17 countries that use the euro pushed the currency lower against the dollar Thursday. The euro fell to $1.3346 in late trading Thursday from $1.3450 late Wednesday. Eurostat, the […]
Tag: Euro Zone
Europe advances towards single banking supervisor
European Union leaderstook a big stride towards establishing a single banking supervisor for the euro zone, agreeing it would enter into force next year, opening the way for the bloc’s rescue fund to inject capital directly into ailing banks. European Council President Herman Van Rompuy said the 27 leaders agreed […]
