Eurozone crisis and Greek deadlock lead to fall in price of euro

Eurozone crisis and Greek deadlock lead to fall in price of euro

The euro has fallen to its lowest point since January, as markets are hit by mounting concerns over the Eurozone debt crisis and the potential exit of Greece.

Investor sentiment was rattled after Greek politicians failed again to form a government over the weekend and the German government faced more gloom at the polls.

There is also increasing concern that Spain and Italy could fall victim to the sovereign debt crisis, should Greece leave the Eurozone bloc.

If Greek politicians cannot form a government by Thursday new elections will have to be held in June.

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