article_snippet: The deepening crisis in Greece and the prospect of hundreds of billions of euros being created through a massive money-printing programme have sent currency crashing.
article_snippet: the Euro has been in decline for months but the sell-off accelerated this week after the European Central Bank started printing money through quantitative easing in a bid to kick-start growth across the region.
article_snippet: The deepening crisis in Greece and the prospect of hundreds of billions of euros being created through a massive money-printing programme have sent the single currency crashing .
article_snippet: The situation in Greece – where the new Left-wing government is struggling to win support from the new Left-wing government European paymasters over fresh emergency funding – has also driven the Euro lower.
article_snippet: ‘The euro bashing continues and I would be wary to predict when this will end,’ he said.
article_snippet: Investors are very wary of holding euros with the recent implementation of quantitative easing and the uncertainty over Greece.
article_snippet: There are far safer currencies to hold such as the dollar and pound, forcing these rates higher and higher.
article_snippet: Analysts blamed worries about Greece and the wider global economy including a slowdown in China.
article_snippet: Chris Beauchamp, senior market analyst at City of London trading firm IG, said ‘a heady cocktail of worries has sent investors scurrying’.
highlights_snippet: Deepening crisis in Greece and prospect of bilions of euros being created through massive money-printing programme send currency crashing .