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Rehn: No turning back from austerity (Photo: ec.europa.eu)

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Big pain for small gain in the eurozone

by Benjamin Fox, EUROPE IN REVIEW 2013,

The past year was better than 2012, at least as far as the eurozone economy is concerned, but not much better.

First, the good news. Europe came out of its double-dip recession, even if the 0.2 percent growth it saw in the first nine months of 2013 was just the tip of a green bud.

The four countries which started the year under some form of bailout - Greece, Ireland, Portugal and Spain - all made progress. After six straight years of recession, the bloc's pre-eminent crisis countr...

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Author Bio

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.

Rehn: No turning back from austerity (Photo: ec.europa.eu)

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Author Bio

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.

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