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Saturday, January 5, 2013

Euro Zone Will Continue Contraction

2013 promises more economic contraction for the Eurozone--

Euro Zone Set to Continue Contraction - WSJ.com: "the euro-zone economy shrank for six straight months to the end of September and the negative Eurocoin reading suggests it will shrink again in the final quarter of the year, even if the pace of decline appears to have slowed a little in December. CEPR and the Bank of Italy said the small improvement this month reflected an easing of tensions in financial markets, as well as business surveys that were less negative than in previous months."

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