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The euro loses its Ifo-induced bounce after the European Commission cuts its 2013 eurozone...

The euro loses its Ifo-induced bounce after the European Commission cuts its 2013 eurozone growth forecasts and is now -0.1% vs the dollar. The EC also predicts that the recession will cause Spain, France and Portugal to miss their deficit targets, with Spain's shortfall to widen to 6.7% from 6.3% in 2012 rather than drop to the country's goal of 4.5%. (Map of country forecasts)
Comments (4)
  • What is the news; that they admit that the economy stinks or that the economy stinks?
    22 Feb 2013, 06:11 AM Reply Like
  • Ah yes nothing like austerity to make the ole economy sing. For those of you that think taking the Republican knife to everything including taxes on the wealthy need to take a good look at europe and decide if this is really what you want.
    22 Feb 2013, 06:50 AM Reply Like
  • No bottom in sight until 2019. Our leaders have no ideas what to do. So they keep making predictions, hoping the world will go to sleep quietly and not notice they are driving blind.
    22 Feb 2013, 07:17 AM Reply Like
  • Yeap, stay on message, everything is OK Repeat the same thing over and over and it becomes the truth. Its called propaganda.
    the economies of the US,UK,Euro zone and Japan contracted in the 4th quarter while the labor dpt in this country continues to report 350 to 400K more people losing their jobs each week in this recovery and everything is OK . Pay attention to what we tell you not your eyes
    22 Feb 2013, 08:50 AM Reply Like
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