Wednesday, May 15, 2013

Voice of America: European Recession Now Longer Than 2008 Financial Crisis

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
European Recession Now Longer Than 2008 Financial Crisis
May 15th 2013, 22:50

The Eurozone economy shrank more than expected in 2013, falling two tenths of one percent between January and March.  The new data means the 17-nation currency bloc has now been in recession for six consecutive quarters - longer even than the deep recession that followed the global financial crisis of 2008. Of the 17 nations that make up the common currency bloc - nine countries are now in recession. While not as steep as the recession that came after the 2008 financial crisis - ...

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