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EC - Euro zone defeats recession
World - Economy
Tuesday, 15 September 2009 09:50
euro_zone.jpg The member states of the euro zone have defeated the recession, EU reported today.

However, the forecast for the next year remains pessimistic due to dismissals’ increase.
A better forecast is for the second half of the year as a result of the record-breaking amount of money "that the Central Bank and governments have placed in the regional economies, said European Commissioner for economic and monetary affairs Joaquin Almunia.
He expressed concern over the subsequent loss of jobs in the euro zone.
 

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