Voice of America: Eurozone Slashes Outlook

Voice of America Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries

Eurozone Slashes Outlook Dec 6th 2012, 21:01 The European Central Bank says the economic fortunes of the 17-nation euro currency bloc are likely to continue to decline next year and not advance again until late in 2013 and into 2014. Bank president Mario Draghi gave his assessment of the eurozone economy Thursday after the central bank kept its benchmark interest rate at a record low of three-quarters of a percent. "The economic weakness in the euro area is expected to extend into next year...," he said.  "Later in ... Media files: CC12E798-38C4-415F-8B53-50C9A265D2C8_cx0_cy15_cw0_w800_r1.jpg?nocache=1 (image/jpeg, 0 MB)

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