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Greek, French votes send euro, shares lower

The euro slumped to a three-month low and shares fell on Monday as election outcomes in Greece and France threatened to derail the region's plans to tackle its debt crisis and after weak US data undermined hopes for global economic growth.

 

In particular, the apparent failure of two pro-bailout ruling parties in Greece to win a majority in the parliament has put the future of its rescue plan in doubt, bringing back into focus questions over the future of the single currency. (Reuters)