The eurozone economy shrank in the final three months of 2012, dealing a blow to those hoping that the bloc's recession had run its course.
According to estimates released on Thursday (14 February) by EU statistics agency Eurostat, economic output in the 17 eurozone countries fell by 0.6 per cent of GDP. This compares with a 0.5 per cent decline across the EU as a whole.
The figures completed a dismal year for the bloc, with the eurozone economy falling by 0.5 per cent over the ...
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Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.