CAMP ROUND MEADOW, Maryland (Reuters) – Prime Minister David Cameron urged countries on Saturday to put in place strong contingency plans to deal with fallout from the euro zone debt crisis as fears grow that Greece could be forced out of the European single currency.
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Euro Drops Versus Dollar, Yen on Greece Crisis Contagion Concern
The euro fell for a third week against the dollar, reaching a four-month low, after the failure of Greek leaders to form a government increased concern the debt crisis may spread to other nations in the monetary union.
Sudan set to devalue pound amid oil crunch: sources
KHARTOUM (Reuters) – Sudan, hit by an economic crisis since losing crucial oil revenues, will effectively devalue the pound by allowing foreign exchange bureaux to trade dollars at a level away from the official rate, a banking source and Sudanese media said on Friday. Sudan's economy has been battered since the country lost three-quarters of its oil production to South Sudan when the latter …