As the Greek financial crisis continues, its next victim is the euro, which is heading for its biggest weekly loss since the start of February. Concern that Greece will fail to secure financial assistance from the EU is dampening demand for the euro. It's the biggest test yet for the 10-year-old currency. So has the euro experiment failed?
Top finance representatives from the Group of Seven rich nations meeting in Istanbul on Saturday are expected to address the weak dollar. Speaking on Friday, French Finance Minister Christine Lagarde (photo) stressed the need for a strong dollar.
Venezuelan President Hugo Chavez has announced that an alliance of Latin American Countries (ALBA) will launch a regional electronic currency - the Sucre - that is expected to begin circulation by 2010.
Argentina is to propose to the Latin American Integration Association the idea of ditching the dollar in Latin American trade. It would be an extension of an existing treaty between Argentina and Brazil.
Joaquin Almunia, European Union Economic and Monetary Policy Affairs Commissioner, believes Britain is very likely to join the euro currency. A majority of Britons, 71 percent, are against their country joining the euro.