EconomyEuro hits 17-month low as French debt fears mount and Spain heads for snap election
The euro fell against the US dollar on Monday to its weakest level since May 2025. France’s debt problems and Spain’s political turmoil, intensified by the snap election announcement, raised fears of a new eurozone crisis and contagion across the bloc’s bond markets.
Euro hits 17-month low as French debt fears mount and Spain heads for snap election