The European Commission now thinks that the eurozone economy will shrink by ...

22 Feb 2013
Last updated during 08:38 ET

The European Commission now thinks that a eurozone economy will cringe by 0.3% in 2013

The eurozone retrogression will insist into 2013, a European Commission has conceded in a latest forecast.

Governments face an ascending conflict to rein in their overspending, with Spain, France and Portugal all unwell to cut their deficits to concluded targets.

Spain’s deficit, during 10.2% of GDP in 2012, was good above a 6.3% target, and would stay above aim into 2014.

The eurozone economy would cringe 0.3% in 2013, a Commission said, creation a governments’ charge even harder.

Previously, a Commission had approaching a 17 economies in the

Read full article: http://www.telegraph.co.uk/sport/football/competitions/fa-cup/9782213/Brighton-and-Hove-Albion-v-Newcastle-United-FA-Cup-third-round-live.html

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Source:
http://www.news.ezonearticle.com/2013/02/22/the-european-commission-now-thinks-that-the-eurozone-economy-will-shrink-by/