New Eurozone recession on the horizon
New figures show the Eurozone is heading for another possible recession.
The area saw a 0.2% contraction in the second quarter.
Eurostat says seasonally adjusted GDP fell by 0.4% in the Eurozone and by 0.2% in the EU, compared to the same period last year.
The contraction sets the Euro area up for a possible fall into recession, which is commonly defined as two consecutive quarters of contraction.
However, Germany steered clear of the worst of the debt crisis to post better-than-expected growth.
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