A look at the causes driving the euro sharply lower against other major currencies

March 11, 2015 1:35 PM

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A look at the causes driving the euro sharply lower against other major currencies

A man walks past a mural in the northern Greek town of Thessaloniki, on Wednesday, March 11, 2015. Greece is quickly running out of cash and has to repay debts this month to the International Monetary Fund — which co-funded Greece's 240 billion euro bailout — as well having as treasury bills coming due. (AP Photo/Giannis Papanikos) (The Associated Press)

LONDON – The euro is notching one milestone after another as it drops against major currencies. On Wednesday, it hit a 12-year low against the dollar and many think its descent has further to go.

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