Eurozone undermined by political concerns

- By FX Markets Staff
- @FXMarkets_
- 20 Jun 2005

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Investors seem to be turning the other cheek with respect to disappointing US data, and assigning greater importance to events in the eurozone, particularly talk of eurozone members’ potential withdrawal from the euro.

The rejection of the EU constitution in the French and Dutch referendums proved the trigger point for the revival of a phenomenon that has long been off the agenda for euro players – political risk in the eurozone.

Reports of ministerial emergency talks over the failure of the

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