BRUSSELS/BERLINreutersREUTERS: The euro zone’s debt-ravaged economy shrank in the second quarter, having flatlined in the first, despite continued German growth which economists said could soon be snuffed out…
Economists said worse is likely to come and even Europe’s largest economy is unlikely to defy gravity for long unless decisive action is taken to tackle the bloc’s debt crisis….
Figures released on Monday showed deficit-cutting measures helped to shrink Greece’s economy 6.2 percent year-on-year in the second quarter. Economists say the slump will persist as the government scrambles to secure billions in additional cuts to keep bailout funds flowing… (more)
