Euro Declines After Talks on Greek Bailout End Without Agreement
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The euro weakened as talks between Greece and its creditors in the region ended without an agreement on the nation’s debt and bailout program.
The common currency dropped against all of its 16 major counterparts, falling most versus the New Zealand dollar and Japan’s yen. A meeting of euro-area finance ministers broke up after Greece’s newly elected government, which has sought to renegotiate the terms of international financial aid, said it couldn’t accept proposals for it to stick to the terms of the current agreement.