Trichet cries foul over unfair budget treatment for Eurozone
By Andrew Wilkinson
05 February 2010 @ 08:39 am EDT
The euro continues to bear the brunt of a negative tone for global risk ahead of a key U.S. employment report and earlier fell to its lowest point against the dollar in nine months. ECB President Trichet urged investors to stop fragmenting the Eurozone by tearing strips off its periphery due to the stiff fiscal challenges ahead. Although Mr. Trichet has a valid point, market fears and skepticism have grown tremendously in recent weeks creating the biggest single challenge in the decade-old history of the single European currency.