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EU predicts 0.3 pct eurozone contraction in 2012
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May 11, 2012
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<p><a href="http://news.yahoo.com/eu-predicts-0-3-pct-eurozone-contraction-2012-090744974--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/EJzd3ljhL1dNGgmQhmtCvg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/9dbee9e5492b520d0f0f6a706700ea77.jpg" width="130" height="86" alt="EU Commissioner for the Economy Olli Rehn addresses the media on the spring economic forecast at the European Commission headquarters in Brussels, Friday May 11, 2012. (AP Photo/Geert Vanden Wijngaert)" align="left" title="EU Commissioner for the Economy Olli Rehn addresses the media on the spring economic forecast at the European Commission headquarters in Brussels, Friday May 11, 2012. (AP Photo/Geert Vanden Wijngaert)" border="0" /></a>The European Union estimates that the economy of the 17 countries that use the euro is in recession in the wake of a debt crisis that has prompted savage spending cuts and a jump in unemployment to record highs.</p><br clear="all"/>
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