16.05.2013 - 11:37 [ Washington Post ]

Recession in eurozone is now the currency bloc’s longest, surpassing even 2008-2009 crisis

The European Union statistics office said Wednesday that nine of the 17 EU countries that use the euro are in recession, with France a notable addition to the list. Overall, the eurozone’s economy contracted for the sixth straight quarter, shrinking by 0.2 percent in the January-March period from the previous three months.