Global markets: Dollar touches 11-year peak as euro gains fade

The dollar rose in choppy trading today, with an index that tracks the greenback against major currencies touching an 11-year peak.

Eurozone, IMF clash over Greek debt as deadline looms

Berlin

The term “troika”(тройкa) describes a traditional Russian sledge drawn by three horses – all pulling in the same direction. But for Europe's so-called financial troika of the European Union, the European Central Bank (ECB), and the International Monetary Fund (IMF), that metaphor now doesn't seem to apply.
In a rare display of disagreement, eurozone finance ministers today clashed with IMF chief Christine Lagarde over the way to prevent crisis-stricken Greece from collapsing completely from its public debts.