The euro has fallen to its lowest level against the dollar in 14 months amid growing concern Greece's fiscal woes will spread to other indebted nations.
Press TV. 6 May 2010
The 16-nation currency traded at below $1.29 for the first time since March 2009, as Moody's Investors Service placed Portugal's Aa2 government bond ratings on review for a possible downgrade.
The euro has lost 0.72 percent of its value, reaching its lowest level in more than a year. Investors fear the Greek debt crisis may affect other European economies.
German bond yields also hit a record low. The Greek Government's austerity measures will come in return for a bail-out offered by euro-zone countries.
The Greek Parliament is to vote on the measures by the end of the week.
