Wednesday, January 2, 2013

Eurozone's new year challenges



Published on Jan 2, 2013
http://www.euronews.com/ It may be a new year, but there is little new hope for the eurozone.

Having headed off a break up - through Greece and maybe others dropping out - the currency bloc's leaders now face a challenging year ahead as growth stagnates.

There was a return to recession while unemployment rose in 2012.

The outlook for 2013 is darker with the Organisation for Economic Co-operation and Development predicting weak growth for the region's two biggest economies, Germany (0.6%) and France (0.3 %), and further contraction for the next two largest Italy (-1%) and Spain (-1.4%).
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