Following a surprise announcement that the E.U. would not make a do-or-die decision on the Greek bailout loan, the Euro tumbled to a 3-week low against the U.S. Dollar on renewed worries that Greece will be unable to meet its March 20th debt obligations.

Following a surprise announcement that the E.U. would not make a do-or-die decision on the Greek bailout loan, the Euro tumbled to a 3-week low against the U.S. Dollar on renewed worries that Greece will be unable to meet its March 20th debt obligations.

A planned meeting in Brussels for today which was aimed at approving the Greek bailout plan was delayed again after Eurozone finance ministers claimed that Greek party chiefs failed to commit to the necessary reforms.