Euro zone economy avoids recession but split grows

 

BRUSSELS (Reuters) - The euro zone just avoided recession in early 2012 but the region's debt crisis sapped the life out of the French and Italian economies and widened a split with paymaster Germany. Euro zone gross domestic product stagnated in the first quarter, the EU's statistics office Eurostat said on Tuesday. That was a touch better than forecast by economists, who had expected a 0.2 percent slump, and dodging a technical recession following a 0.3 percent contraction in the last three months of 2011. A surprisingly strong 0. ...

Euro zone economy avoids recession but split grows
Tue, 15 May 2012 09:10:43 GMT