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Euro in danger: Germans trigger panic over future of single currency

Publié par Clifford Armion le 20/05/2010

David Charter

"Shocked European ministers are preparing for emergency talks to shore up the euro after markets fell in reaction to panic measures in Germany.

"Angela Merkel stunned EU capitals by warning that the euro was in danger and triggered fears of a fresh financial meltdown by announcing a ban on risky trading practices by speculators. The German Chancellor's actions opened up new cracks in the single currency, drawing sharp criticism from France and prompting Brussels to issue an appeal for unity.

"Shares in London plunged by nearly 3 per cent, with similar falls in Paris, Berlin and Madrid. The euro plummeted to a new low against the dollar before making a slight recovery."

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Pour citer cette ressource :

"Euro in danger: Germans trigger panic over future of single currency", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), mai 2010. Consulté le 22/04/2021. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/euro-in-danger-germans-trigger-panic-over-future-of-single-currency