Euro flounders as G20 hits impasse on cash injection

THE euro remained on a slippery slope last night as the EU failed to convince world leaders at the G20 summit to step in to shore up the currency.

As Greece headed for a government of national unity, Italy came into focus as the latest country in the line of sights of predator speculators.

Economists warned that global recession was edging closer, not least due to the eurozone crisis, which is bad news for Ireland’s recovery, with exports predicted to falter in the third quarter.