Friday, February 24, 2012

Euro zone economy set to shrink in 2012, deficits in focus (Reuters)

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EU Economic and Monetary Affairs Commissioner Olli Rehn presents the EU Commission's interim economic forecast during a news conference at the EU Commission headquarters in Brussels February 23, 2012. The European Union's top economics official said on Thursday that recent economic surveys showed that an expected slowdown in the euro zone would be mild. REUTERS/Francois LenoirReuters - The euro zone economy is heading into its second recession in just three years and the wider European Union will stagnate, the EU's executive said on Thursday, warning that the currency area has yet to break its vicious cycle of debt.


Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/nm/20120223/ts_nm/us_eu_economy_forecasts

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