Euro falls on fears IMF may pull Greek support

The head of the Eurogroup sent the single currency tumbling yesterday after he issued a warning to Greece that it may not be bailed out again if it gets into further difficulty.

Eurogroup president and Prime Minister of Luxembourg Jean-Claude Juncker said the International Monetary Fund (IMF) could turn off financial aid if ministers do not reach an agreement on refinancing the country's debt. According to the Wall Street Journal, Juncker said: "I am not the spokesman of the IMF, but the rules say it can only disburse if there is a financing guarantee for the 12-month period. "I do not think the Troika will come to the conclusion that this is given." He said if the IMF did not bail out Greece then Europe would have to step in. However, he warned some co...