Allianz Global Investors, which oversees the equivalent of $305 billion, is selling the euro against the dollar on concern that the region’s leaders aren’t proactive enough to stem the market turmoil. “The euro should weaken,� Andreas Utermann, Frankfurt- based global chief investment officer at Allianz, said in an interview on Bloomberg Television’s “On the Move� with Francine Lacqua. “We fear the policy makers will continue to be driven by the markets.� Utermann said he is “concerned about� the German Constitutional Court’s view on Europe’s rescue mechanisms and about the risk that Greece may leave the shared currency. The euro fell 0.2 percent to $1.2216 at 8:56 a.m. London time, after reaching $1.2208, the lowest level since July 2010. To contact the reporter on this story: Emma Charlton in London at echarlton1@bloomberg.net To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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