The economy in Europe’s 18-nation eurozone has stalled.
After a year of weak growth, the European Union said Thursday the economic fortunes of the countries that use the euro currency flattened in the April-to-June period.
The region’s three biggest economies failed to advance, with powerhouse Germany, along with Italy, both shrinking two-tenths of a percent. The French economy stagnated.
The eurozone is collectively the world’s largest economy. It faces high unemployment, though, along with consumer-price growth that is less than a quarter of the inflation rate sought by the European Central Bank, as well as nearby political and armed turmoil with Russia’s intervention …read more
Source: Voice of America
