Eurozone officially in recession

[BornAgain123]

http://news.bbc.co.uk/2/hi/business/7729018.stm

The eurozone has officially slipped into recession after EU figures showed that the economy shrank by 0.2% in the third quarter.

This follows a 0.2% contraction in the 15-nation area in the previous quarter from April to June.

Two quarters of negative growth define a technical recession.......

[RobertB]

http://news.bbc.co.uk/2/hi/business/7729018.stm

The eurozone has officially slipped into recession after EU figures showed that the economy shrank by 0.2% in the third quarter.

This follows a 0.2% contraction in the 15-nation area in the previous quarter from April to June.

Two quarters of negative growth define a technical recession.......

The so-called EU has probably been in a recession for some time. Most of the bureaucratic Europols there are big into denial and ignoring economic reality as they have pursued their goal of becoming an empire. Some analysts on CNBC have suggested that the Euros are in worse shape than the US. The Europols though probably wouldn't acknowledge that.

[dominion]

and right on time.....