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Thursday, May 6, 2010

Crash alert: Euro plunge continues

The euro continued its downward slide in European trading on Thursday, battered by fears that the financial crisis that has enveloped Greece may infect Portugal and Spain.

The euro has dropped to lows last seen in early 2009 as markets debate whether a planned 110 billion euro ($142 billion) European Union and International Monetary Fund bailout will stem Greece's woes and whether other countries in the euro zone could be at risk.

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