Euro Tumbles Versus Counterparts on Greek Debt-Crisis Concern

The euro slumped to a record low against the Swiss franc amid speculation a Greek austerity plan and a European Union pledge to stabilize the region’s economy won’t resolve its sovereign-debt crisis.

The shared currency fell versus the majority of its 16 most-traded peers after a lawmaker from Greece’s ruling Pasok party said he hasn’t decided to vote for the country’s new fiscal measures and Italian bank stocks slumped amid concern the crisis may spread. South Africa’s rand tumbled on prospects for the euro region, the nation’s largest trading partner. Australia’s dollar advanced as a central bank official said inflation may quicken.