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This makes the euro less attractive as reserves.
Few have even demanded lower rates, which would make the euro less attractive to investors.
Yet today each euro wasted means a euro less for social services, says Karl Lauterbach, an economist at Cologne University.
For 2009, he predicts growth of just 0.4percentt among the 15 nations that use the euro, less than half what he was predicting six weeks ago.
One tip: Salvatorini, a local wine merchant (11, rue Flodoard; 33-3-26-55-32-32), sells Mo?& Chandon's popular Brut Imperial for a euro less than the end-of-tour boutique.
Bloomberg News cited traders at Nordea Bank as saying the last quoted value of the krona had been 340 to the euro — less than half what the Icelandic currency was worth at the start of the week.
Similar(46)
Spending was 1 billion euros less than planned at 295.5 billion euros, its lowest level since 2009.
Shares closed Thursday at 4.76 euros, less than half what they were a year ago.
The new plan is 1.5 billion euros less than the previous five-year program.
Last month's stress tests showed that Greek banks need less than 15 billion euros, less than feared.
Germany stood by previously announced cuts of 13 billion euros, less than the 17 billion euros called for.
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