euro

Ten years on from the introduction of the euro, opinion is divided over whether the troubled single currency can survive another decade, especially in its present form.

Swiss National Bank chairman Philipp Hildebrand has resigned with immediate effect in light of a controversial currency trade made by his wife last August.

Germany today issued €4bn of 6-month debt with a negative yield for the first time at auction as investors continue to pile into the perceived safe haven amid the ongoing eurozone crisis.

The FTSE 100 has extended losses as concerns over eurozone banks' need for more capital hit sentiment across the continent.

Iceland's finance minister said the country is still committed to adopting the euro despite fears over the stability of the single currency.

Investment veteran Jim Rogers has predicted the euro could see a near-term bounce, despite investors continuing to be overly bearish on the eurozone.

A Greek government spokesman has said the country will leave the single currency if it fails to secure a second, €130bn bailout deal by March.

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A draft prospectus providing details of securities which may be created by the EFSF has acknowledged the breakup of the euro in its list of risk factors.

Asian shares fell into bear market territory for the year overnight, while commodities and the euro suffered heavy falls on renewed eurozone fears.