December 9, 2010 / 3:34 PM / 9 years ago

Euro falls, Irish opposition party against bailout

NEW YORK, Dec 9 (Reuters) - The euro extended declines on Thursday after a spokesperson from Ireland’s centre-left opposition Labour party said the party will vote against an 85 billion euro IMF/EU bailout package when it is put before parliament for approval next week. For more see [ID:nWLA0436].

“Labour would vote against it because we consider it a bad deal,” she told Reuters. Ireland’s governing Fianna Fail party said on Thursday it would seek parliamentary approval for the rescue funds. [ID:nWLA0434]

The euro was last down 0.6 percent against the dollar at $1.3181 EUR=EBS after going as low as $1.3167. The euro was down 0.7 percent against the yen at 110.70 yen after going as low as 110.60 yen EURJPY=EBS. (Reporting by Nick Olivari; Editing by James Dalgleish)

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