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Eurozone GDP Sinks .2%

LoachDriver Wrote: Aug 15, 2012 9:27 PM
Mattew Lynn on "The Wall Street Journal's" "Market Watch" blog makes a perceptive observation: that "the Euro is an already dead currency," He explains why it is already dead.

Eurozone GDP sunk .2% in the second quarter and is clearly back in recession as a whole. For that matter, the eurozone has been in recession all year if not starting in the final quarter of 2011. Thus I am amused by headlines such as this one from the Financial Times: Eurozone edges back towards recession

The eurozone edged closer towards its second recession in three years after a resilient economic performance from Germany and France...

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