Failing euro sparks 'questions'

Analyst says consumer confidence in currency may be falling due to Greece bailout uncertainty.

    " /> ">

    Jean-Claude Trichet, the president of the European Central Bank, has said that he believes the European economy is suffering its worst crisis since the second World War.

    The falling euro has surprised many analysts who thought the currency would rise in value after the European Union and IMF had agreed to provide Greece with a $146bn bailout to help solve its economic problems that were triggering the downfall of other Eurozone economies.

    An economist told Al Jazeera that markets may be questioning the entire nature of the bailout, losing consumer confidence in the European currency.

    Al Jazeera's Laurence Lee reports from London.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Assad to Putin: Thank you for 'saving our country'

    Assad to Putin: Thank you for 'saving our country'

    Russian and Syrian presidents meet to discuss strategy against 'terrorism' and political settlement options.

    Is Saudi Arabia becoming a danger to the region?

    Is Saudi Arabia becoming a danger to the region?

    We talk to US Congressman Ro Khanna about power politics and debate Mohammed bin Salman's new strategy for the Kingdom.

    Gender violence in India: 'Daughters are not a burden'

    Gender violence in India: 'Daughters are not a burden'

    With female foeticide still widespread, one woman tells her story of being mutilated for giving birth to her daughters.