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Euro: sharp drop down to 1,4152 dollars

The weakening of the single currency was caused by the words of Jean Claude Junker: "The insolvency of Greece cannot be ruled out", said the president of the Eurogroup this morning - Meanwhile heads of state and government are arriving in Brussels to this afternoon's summit on the Greek debt situation.

Euro: sharp drop down to 1,4152 dollars

Sharp decline of the euro, which after traveling above 1,42 dollars in the morning, fell to 1,4159. In all likelihood they were the cause of the weakening the words of Jean-Claude Juncker, which also had a negative effect on the equity markets. This morning the president of the Eurogroup presented himself at the Brussels summit stating that a Greek payment insolvency cannot be ruled out, specifying however that "everything must be done to avoid it".
This afternoon's extraordinary meeting has the Greek debt crisis as its central theme. The goal is to find a shared solution before contagion to the other peripheral countries of the euro area. Meanwhile, according to diplomatic sources, the possibility of proceeding with a reduction of Greece's total debt level is being evaluated, but with solutions that risk being considered by the markets as actual insolvencies.

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