• 28 Feb 2013 at 5:28 PM

Euro-Zone Stays Growth-Free

By Jon Shazar

The euro-zone is going for a fourpeat.

The euro-zone economy seems unlikely to emerge this quarter from a contraction that has already lasted for nine months, despite a low rate of unemployment in Germany, its largest member.

The Centre for Economic Policy Research and the Bank of Italy Thursday said their Eurocoin indicator—which is intended to estimate quarter-on-quarter growth in gross domestic product—showed the euro-zone economy shrank again in February, although at a slower pace than in recent months.

The euro-zone economy contracted by 0.6% in the fourth quarter of last year, having also shrunk in the second and third quarters.

Well, at least they’ve wiped the smirks off those damned bankers’ smug faces. Right?

Euro-Zone Slump Set to Continue [WSJ]

Comments (4)

  1. 1
    Posted by spiderbro | February 28, 2013 at 5:34 PM

    Shazar…please….I give up….I'll tell you anything you want to know. Please don't make me read anymore posts……I can't do it anymore

  2. 2
    Posted by Guest | February 28, 2013 at 5:53 PM

    Before even opening the story from the homepage you know it is going to be Shaztastic when the excerpt is a 7 word sentence.

  3. 3
    Posted by Guest | February 28, 2013 at 6:53 PM

    I remember when I first learned how to copy and paste news stories

  4. 4
    Posted by Mike Milken | February 28, 2013 at 6:53 PM

    Salient analysis and indisputable value added as always, Shazar. You should save yourself the time and just copy the WSJ twitter feed to DB and call that your contribution to this otherwise interesting website.

    Ass Clown