10 years ago
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Euro falls sharply on Syriza victory
The euro has fallen sharply against the dollar after the anti-austerity Syriza party won the Greek general election. The euro briefly fell as low as $1.1088 - the lowest level against the dollar in more than 11 years. Syriza leader Alexis Tsipras has pledged to renegotiate the terms of Greece's €240bn bailout and reverse many of the austerity cuts. But he said his government wanted a negotiation, not confrontation, with its international lenders.
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Ouch, I remember when the Euro was topping $1.55 USD and all the celebrities were flashing euro bills instead of dollars. Now its looking more likely that the two currencies will be at par with each other.