The euro weakened to a record low against the Australian dollar as stocks rose around the world, boosting demand for higher-yielding assets. The 17-nation currency fell against all but one of its 16 major counterparts before debt sales this week by the Netherlands, Austria, Spain and Italy. Greek Prime Minister Lucas Papademos is seeking to form an outline for a 100 billion- euro ($127.7 billion) debt restructuring plan next week, when talks on the terms for a second financing deal with European Union and International Monetary Fund officials begin. The euro fell 0.1 percent to $1.2747 at 8:41 a.m. in London. The currency dropped 0.1 percent to 98.01 yen. The dollar was little changed at 76.87 yen. The so-called Aussie climbed to a record 80.77 euro cents before trading 0.6 percent higher at 80.71 cents. The Stoxx Europe 600 Index of shares and the MSCI Asia Pacific Index both climbed 1 percent. To contact the reporters on this story: Kristine Aquino in Singapore at kaquino1@bloomberg.net; Keith Jenkins in London at kjenkins3@bloomberg.net To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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