Euro, shares fall as euro zone recession deepens
LONDON (Reuters) – The euro and shares fell on Thursday after data showed the euro zone’s two biggest economies shrank even more than expected late last year, throwing a first quarter recovery into doubt. The German economy contracted 0. 6 percent in the final quarter of 2012, marking its worst performance since the global financial crisis was raging in 2009. Exports, normally the motor of its economy, did most of the damage. Overall the euro zone’s 17-country economy shrank 0. 6 percent, with France’s 0. 3 percent fall slightly worse than forecast. . . .
View full post on Business News Headlines – Yahoo! News
Leave a Reply