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Central Europe currencies dip as EU summit disappoints

Posted on 03 March 2009

From Forbes: Emerging European currencies plunged on Monday, led by an almost 2.5 percent drop in the Hungarian forint, after a summit of European Union leaders rejected a mass bailout plan for the region.

Romania looked to be preparing to join a list of countries rescued by the International Monetary Fund after a source said Bucharest had started preliminary talks on a potential deal to help finance its vast trade deficit….. Full Article: Source


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