By PETER A. MCKAY And KRISTINA PETERSON
The euro sank to its lowest level since October 2008, trading below $1.24 on Friday after new economic data showed core inflation in Spain turned negative in April, potentially making it harder for Spain to grow out of its debt woes.
Some analysts questioned whether austerity measures announced this week in Spain and Portugal could lead to civil strife, and Deutsche Bank Chief Executive Josef Ackermann told German television Thursday evening that there are some doubts about Greece’s ability to repay debt.
