Euro fall continues as fears of Greek debt default rise

May 30, 2017, 1:24 PM EDT
(Source: Alf Melin/flickr)
(Source: Alf Melin/flickr)

Amid concerns that Greece and its creditors may fail to strike an agreement to unlock a bailout fund, the European single currency shed almost 0.5% to $1.113 on Tuesday morning.

Greece, which announced a new austerity package few days back, has warned that its economic recovery would be derailed if the Eurozone finance ministers fail to release the next installment of bailout funds, writes The Guardian.

This is the fourth consecutive day that Euro has suffered a beating, notes An expansive monetary stimulus is required to contain the slide and restore stable inflation.