LONDON, March 3 (Reuters) – The euro slipped and European shares extended losses on Wednesday after Germany said it would not offer aid to Greece when Prime Minister George Papandreou visits German Chancellor Angela Merkel later in the week.
The comments from the German government came after Athens announced an extra 4.8 billion euros in austerity measures.
The euro EUR= fell roughly 50 pips to $1.3604 according to Reuters charts, pulling further away from the day’s high of $1.3670.
European shares extended losses, with the FTSEurofirst 300 .FTEU3 index of top European shares trading 0.1 percent lower on the day at 1026.19 points by 1247 GMT.
Euro, Europe stocks slide on German comments on Greece
LONDON, March 3 (Reuters) – The euro slipped and European shares extended losses on Wednesday after Germany said it would not offer aid to Greece when Prime Minister George Papandreou visits German Chancellor Angela Merkel later in the week.
The comments from the German government came after Athens announced an extra 4.8 billion euros in austerity measures.
The euro EUR= fell roughly 50 pips to $1.3604 according to Reuters charts, pulling further away from the day’s high of $1.3670.
European shares extended losses, with the FTSEurofirst 300 .FTEU3 index of top European shares trading 0.1 percent lower on the day at 1026.19 points by 1247 GMT.
(Reporting by London Markets Team)