Euro takes a beating, partly in fear of Ireland’s Nice vote

THE euro took a beating on all sides on Thursday from German budget woes, a Dutch government collapse and a looming referendum on European Union expansion plans.

Euro takes a beating, partly in fear of Ireland’s Nice vote
Fri, 18 Oct, 2002 - 01:00
Burton Frierson

Meanwhile, the dollar rose on Wall Street's bright prospects..

German Finance Minister Hans Eichel went on the defensive on Thursday, denying reports of a 14 billion hole in Germany's 2002 budget. He termed the reports "wild speculation".

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