Euro slumps under 100 yen for first time in ten years

The European single currency slumped Friday underneath 100 yen for the first time in ten years, on the back of eurozone debt fears in volatile pre-holiday trading.

At about 1050 GMT, the euro tumbled to 99.97 yen -- which was the lowest level since December 2000 and the first time it has breached the key 100-yen barrier since June 2001.