Euro heading for freefall in echo of housing crash

The Independent2012-05-08: With European voters giving austerity a clear thumbs-down, currency experts predicted a grim future for the euro, even if some of the countries that use it manage their way though the present difficulty. Jason Conibear, director of the global foreign exchange specialist Cambridge Mercantile, said of the election results: "The initial reaction of the markets after the weekend was to get out of the euro