World · 3 hours ago
Euro drops to a 17-month low over fears about French government debt
The currency briefly dipped below $1.12 on Monday morning, bringing its total drop since January to roughly eight cents. Financial markets are reacting to stretched public finances in Paris and a sudden election called by Spain's prime minister, Pedro Sánchez. French prime minister Sébastien Lecornu wants to push through £45.8 billion in pension and department cuts before next year's presidential contest.
Reported by The Guardian · How we write briefs