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Sunday 19.11.2017 | Name days: Liza, Līze, Elizabete, Betija

Euro drops on Greece debt crisis

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Concern over severe Greece debt crisis, which could fail to round up successfully, has added to dropping euro on the international currency markets.

Baltic news, News from Latvia, BNN-NEWS.COM, BNN-NEWS.RUFor example, on June 16, the single European currency exchange rate against the Russian ruble fell below 40 rubles, reports BBC.

The euro is dropping in a response to non-existent Greek officials’ decisions to solve the prolonged debt crisis. The government of the country still has not managed to reach the Parliament’s support of the strict austerity measures.

Debt crisis stroke Greece in late 2009, while last year the country received 110 billion euro financial aid from the EU, the IMF and the ECB, which now totals 350 billion euro.

In mid-May this year, Greek officials admitted the country might need yet an additional rescue package of 60 billion euro.


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