The failing Euro sparks "questions"

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 failing Euro has surprised many analysts who thought the currency would rise in value after Greece received a $146bn bailout from the European Union and IMF 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 Euro.Al Jazeera's Laurence Lee reports from London, UK's capital.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 failing Euro has surprised many analysts who thought the currency would rise in value after Greece received a $146bn bailout from the European Union and IMF 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, UK's capital.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 agreed to provide Greece with a $165bn 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, UK's capital.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 $165bn 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, the UK capital.[May 15, 2010]

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: AlJazeeraEnglish

Length: 02:28
Rating: 5.0
Views: 9274

Tags: al  jazeera  english  european  union  euro  laurence  lee  europenews  world  war  economic  crisis  

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