The euro is plunging on a verdict that the Greek pension reforms requested by the troika lenders in order for Greece to secure more bailout cash may be unconstitutional:
Greek pension reform demanded by foreign lenders may be unconstitutional, a Greek court ruled on Thursday, in a setback to the government's efforts to seal a deal on an austerity package needed to secure aid.
The Court of Auditors, which vets Greek laws before they are submitted to parliament, said measures such as increasing the retirement age by two years to 67 and cutting pensions by between 5 and 10 percent could be against the constitution.
Not good news for Greece, which was already having a really tough week.
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