Germany’s finance minister Wolfgang Schäuble warns Greece could leave the euro by mistake and says the country must help itself out of financial crisis 8.58am GMT The euro is down against the dollar this morning after regaining some ground yesterday.It is currently trading at $1.0606, down 0.3%.Having seen European markets reap the benefits of a weaker euro this week, yesterday’s rebound in the single currency prompted a little bit of a pause in upward momentum in European stocks and a slightly weaker session, though it won’t be enough to prevent the DAX posting its ninth successive positive week in succession. The FTSE100, on the other hand will probably post its second successive negative week in a row, such are the currency divergences being played out in global markets at the moment. 8.32am GMT European markets have opened higher this morning, with Germany’s DAX on course to post its ninth weekly rise in a row. 8.19am GMT Schäuble - whose relationship with Greek counterpart Yanis Varoufakis appears to go from bad to worse - made a few other points in his interview with Austrian TV.Schäuble & Varoufakis should take a 6 week break from statements about Greece & Germany. Not kidding.Schaeuble not ruling out Grexit anymore - http://t.co/8ckMQqZOf2 pic.twitter.com/CZV4MeWQGv#Germany's Schäuble says can't rule out '#Grexident.' Investors see #Grexit risk at 37%. http://t.co/AS6b5RseVV pic.twitter.com/Y6yWPV1ubr 7.58am GMT Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.As the responsibility, the possibility to decide what happens only lies with Greece, and because we don’t exactly know what those in charge in Greece are doing, we can’t rule out. Continue reading...
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