{"id":418875,"date":"2011-05-06T18:45:17","date_gmt":"2011-05-06T18:45:17","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/05\/06\/euro-falls-on-greece-exit-rumours\/"},"modified":"2011-05-06T18:45:17","modified_gmt":"2011-05-06T18:45:17","slug":"euro-falls-on-greece-exit-rumours","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/05\/06\/euro-falls-on-greece-exit-rumours\/","title":{"rendered":"Euro falls on Greece exit rumours"},"content":{"rendered":"<p><div readability=\"84.8485316847\"><span><span>6 May 2011<\/span> <span>Last updated at<\/span> <span>14:45 ET<\/span><\/span><\/p>\n<p>The euro has fallen by more than 1% against the dollar, following a report that Greece had raised the possibility of leaving the single currency.<\/p>\n<p>German magazine Der Spiegel said eurozone finance ministers were holding a crisis meeting in Luxembourg.<\/p>\n<p>The report has been denied vigorously by eurozone countries, including Greece and Germany.<\/p>\n<p>However, the BBC has learned that ministers from four eurozone countries are indeed meeting in Luxembourg.<\/p>\n<p>The countries &#8211; France, Germany, Finland and Netherlands &#8211; are said to be discussing EU issues, including the financial situation of Portugal, Ireland and Greece.<\/p>\n<p>&#8220;The report about Greece leaving the eurozone is untrue,&#8221; the Greek deputy finance minister Filippos Sachinidis told Reuters.<\/p>\n<p>&#8220;Such reports undermine Greece and the euro and serve market speculation games.&#8221;<\/p>\n<p><span>Denials<\/span><\/p>\n<p>At 18.30 GMT the euro was worth $1.44.<\/p>\n<p>A source told Reuters that some EU ministers were meeting in Luxembourg on Friday to review issues such as Portugal, Greece and European Central Bank leadership, &#8220;but nothing more&#8221;.<\/p>\n<p>German Finance Minister Wolfgang Schaeuble and his deputy Joerg Asmussen were at the meeting, according to Reuters.<\/p>\n<p>But the head of the Eurogroup, Luxembourg Prime Minister Jean-Claude Juncker, has denied that crisis eurozone talks were being staged that could see Greece exit the euro, his spokesman told AFP.<\/p>\n<p>&#8220;This information is totally false,&#8221; his spokesman Guy Schueller told AFP.<\/p>\n<p>&#8220;There is no Eurogroup meeting taking place or planned this weekend,&#8221; Mr Schueller underlined.<\/p>\n<p><span>Bailout<\/span><\/p>\n<p>Almost a year ago to the day, Greece accepted a multi-billion euro bailout to finance its huge deficit.<\/p>\n<p>The 110bn-euro ($136bn; \u00a394bn) loan was designed to prevent Greece from defaulting on its massive debt.<\/p>\n<\/div>\n<p>More:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.bbc.co.uk\/go\/rss\/int\/news\/-\/news\/business-13317770\" title=\"Euro falls on Greece exit rumours\" rel=\"noopener noreferrer\">Euro falls on Greece exit rumours<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 6 May 2011 Last updated at 14:45 ET The euro has fallen by more than 1% against the dollar, following a report that Greece had raised the possibility of leaving the single currency. German magazine Der Spiegel said eurozone finance ministers were holding a crisis meeting in Luxembourg. The report has been denied vigorously by eurozone countries, including Greece and Germany. <\/p>\n","protected":false},"author":0,"featured_media":414551,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-418875","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Euro falls on Greece exit rumours - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/05\/06\/euro-falls-on-greece-exit-rumours\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Euro falls on Greece exit rumours - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"6 May 2011 Last updated at 14:45 ET The euro has fallen by more than 1% against the dollar, following a report that Greece had raised the possibility of leaving the single currency. German magazine Der Spiegel said eurozone finance ministers were holding a crisis meeting in Luxembourg. 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