Fears of a sovereign default in southern Europe eased somewhat Monday, allowing the euro to reclaim a little lost ground versus the U.S. dollar.
European Union officials attending the weekend meeting of finance ministers and central bankers from the Group of Seven industrialized nations offered a united front on Greece, saying they were confident Athens would be able to cut its deficit and vowing to closely monitor the Greek government's efforts.
For more: Euro rebounds as debt fears ease slightly Currencies - MarketWatch
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