Euro currency is threatened to be unstable. Be a major challenge for the EU to re-stabilize the Euro in the midst of mounting debt burden of some of its member states.

It was mentioned by European Commissioner from Germany, Günther Oettinger, in a newspaper interview published on regional Reutlinger General-Anzeiger, Saturday (6/2/2010).

“Euro danger becomes unstable. See Greece, Ireland, and the possibility in the near future also Spain, Portugal, Lithuania, and Italy,” Oettinger said.

Value of euro against U.S. dollar in recent weeks under pressure due to financial problems that had accumulated in these countries. Even last Friday the value of euro slumped in position 1: 1.3682 against the U.S. dollar (U.S.), the lowest value over a period of 8 months. More >

none