A woman who begs for money walks past a closed cash machine covered by a sticker in Rome, Tuesday, Aug. 14, 2012. Europe is edging closer to recession, dragged down by the crippling deb

 

              A woman who begs for money walks past a closed cash machine covered by a sticker in Rome, Tuesday, Aug. 14, 2012. Europe is edging closer to recession, dragged down by the crippling deb
A woman who begs for money walks past a closed cash machine covered by a sticker in Rome, Tuesday, Aug. 14, 2012. Europe is edging closer to recession, dragged down by the crippling debt problems of the 17-country euro bloc, official figures showed Tuesday. Eurostat, the European Union's statistics agency, revealed that the economies of both the eurozone and the wider 27-country EU shrank by a quarterly rate of 0.2 percent in the second quarter of the year. In the first quarter, output for both regions was flat. A recession is officially defined as two straight quarters of falling output. (AP Photo/Gregorio Borgia)