Skip to content
Subscriber Only

Euro Slides With Aid Deal on Greece Still Wanting; Yen Advances

European Leaders And Finance Ministers Attend Emergency Greek Summit

European Leaders And Finance Ministers Attend Emergency Greek Summit

Jasper Juinen/Bloomberg
Updated on

The euro fell after Greece was told it must pass legislation on austerity measures within three days before detailed negotiations with creditors on aid can begin.

The shared currency slid and the yen rose amid demand for havens after European finance ministers meeting in Brussels demanded Greece enact the reforms to keep alive the country’s chances of staying in the euro. The European Union previously set a Sunday deadline to reach a deal on an aid package of at least 74 billion euros ($83 billion).