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Eurozone trapped in vicious circle

06.03.13 @ 13:30

  1. By EUOBSERVER

Economic output from the 17 eurozone nations fell 0.6 percent in the fourth quarter of 2012, EU statistics agency Eurostat confirmed Wednesday. The data pointed to the vicious circle of the eurozone crisis, with governments cutting spending, prompting businesses to freeze investment and make job cuts, Reuters reported.

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