The euro fell this week in three months against the weak dollar, fears more banks on the euro issue of the slowing down of the Eastern Europe.

Rating agency Moody’s said the Austrian, Swedish and other banks with branches in Eastern Europe danger that the downturn in the economies of the crisis region.

Euro, banks have the largest exhibition in Central and Eastern Europe, with the passive 1500bn $, about 90 percent of the total amount of the exhibition of foreign banks in the region.

Central and Eastern Europe, the European currencies have been under intense pressure from the crisis in international credit markets has raised concerns about the ability of the region to finance the current account deficits and the slowing of global growth has increased concerns about the health of its economy dependent on exports .

The Polish zloty is at a period of five years less than 4930 zloty against the euro this week, the Czech crown reached a low point three years Kc29.677 against the single currency and the Hungarian forint fell to its lowest Ft309.85.

To add to this pressure on the euro were the signs of growing tension between the Member States, with the price for ensuring the public debt to the countries of the lowest in the region such as Ireland and Greece to a sharp increase in the credit default swaps, in compared to at the base, such as Germany and France.

Feeling in the single currency has a lift Thursday, that Germany has indicated that he prepared for the protection of the euro zone, if one of its Member States is in serious difficulty that we can not refinance its debt.

This position was questioned Friday Juergen Stark, member of the Executive Governing Council reaffirmed that the EU countries are not entitled to the partner countries.

“The ban by the EU and its Member States to ensure that its partners in the liabilities is an important basis for the functioning of monetary union,” he said.

David Simmonds, Royal Bank of Scotland, said the “ugly stick currency”, organized by the U.S. dollar in 2007 and the pound in 2008, the changeover to the euro in 2009.

He said that the euro was built with a crack in the foundation stone, so there was a currency and monetary policy, but many fiscal policies.

“Everyone knew that the crack was there,” said Simmonds. “It is ignorable for the first 10 years from the sun, low volatility, the weather around the world. It is not now ignore the tax and finance.”

During the week, the euro has increased by 1.8 percent to $ 1.2623 against the dollar lost 1.3 percent to £ 0.8830 against the pound and the facilitation of 0.4 percent in SFr1.4885 against the Swiss franc.

The euro was up 0.4 per cent to Y118.95 against the yen than to a sharp decline in Japanese growth in the fourth quarter to the injustice of the Japanese currency will shelter.

The yen has a bottom six weeks against the dollar by 2.5 per cent to Y94.19 on the week and losing 1.8 percent to Y134.69 compared to the book.

In addition, the dollar is in a good performance, renewed weakness in the stock markets port stimulates demand for the U.S. currency.

In the week the dollar has increased by 0.6 percent to $ 1.4295 against the book, has increased by 2.3 percent to $ 0.6415 against the Australian dollar and increased by 1, 5 percent SFr1.1793 against the Swiss franc.