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Posted: 5/15/2013 9:45:50 AM EST
A man holds a ten Euro note on as he walks through a market in Paris, Wednesday, May 15, 2013. France's economy has fallen back into recession, spelling trouble for the region. The national statistics agency, Insee, said Wednesday that gross domestic product fell 0.2 per cent in the first quarter of the year. The agency also revised its data for the fourth quarter of last year, saying GDP fell 0.2 per cent, up from a 0.3-per cent retraction. (AP Photo/Michel Euler)
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Posted: 5/15/2013 8:11:19 AM EST
French President Francois Hollande, walks in the hall of the Elysee Palace after the weekly cabinet meeting in Paris, Wednesday, May 15, 2013. The French national statistics agency, Insee, said Wednesday that gross domestic product fell 0.2 per cent in the first quarter of the year, effectively moving France back into recession, and with eurozone's second-largest economy, the French economy is likely to exacerbate problems throughout the euro region. (AP Photo / Michel Euler)
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Posted: 5/15/2013 6:20:34 AM EST
French Finance Minister Pierre Moscovici, reacts as he walks toward the media after the weekly cabinet meeting in Paris, Wednesday, May 15, 2013. The French national statistics agency, Insee, said Wednesday that gross domestic product fell 0.2 per cent in the first quarter of the year, effectively moving France back into recession, and with eurozone's second-largest economy, the French economy is likely to exacerbate problems throughout the euro region.(AP Photo / Michel Euler)
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Posted: 5/12/2013 10:13:55 AM EST
In this Wednesday, Dec. 12, 2012 photo, a shopper tries on a jacket in front of a mirror in an H&M store, in Atlanta. The rising death toll from the building collapse that killed more than 1,000 garment workers in Bangladesh on April 24, 2013, may force Western brands to make a choice: Stay and work to improve conditions. Or leave and face higher costs, similar or worse worker conditions in other low-wage countries and criticism for abandoning a poor nation where per-capita gross domestic product is just $2,000 per year. Most retailers have vowed to stay and promised to work to improve conditions. Wal-Mart and the Swedish retailer H&M, the top two producers of clothing in Bangladesh, have said they have no plans to leave. (AP Photo/David Goldman)
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Posted: 5/12/2013 10:13:55 AM EST
In this Wednesday, Dec. 12, 2012 photo, a message advertises the frequency of new merchandise arriving at an H&M store as a shopper passes by outside, in Atlanta. The rising death toll from the building collapse that killed more than 1,000 garment workers in Bangladesh on April 24, 2013, may force Western brands to make a choice: Stay and work to improve conditions. Or leave and face higher costs, similar or worse worker conditions in other low-wage countries and criticism for abandoning a poor nation where per-capita gross domestic product is just $2,000 per year. Most retailers have vowed to stay and promised to work to improve conditions. Wal-Mart and the Swedish retailer H&M, the top two producers of clothing in Bangladesh, have said they have no plans to leave. (AP Photo/David Goldman)
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Posted: 5/12/2013 10:13:55 AM EST
This Friday, May 10, 2013 photo shows a shopper walking past the Joe Fresh store on Fifth Avenue in New York. The rising death toll from the building collapse that killed more than 1,000 garment workers in Bangladesh on April 24, 2013, may force Western brands to make a choice: Stay and work to improve conditions. Or leave and face higher costs, similar or worse worker conditions in other low-wage countries and criticism for abandoning a poor nation where per-capita gross domestic product is just $2,000 per year. The Facebook pages of Joe Fresh, Mango and Benetton, a few of the brands whose clothing or production documents were found in the rubble of the collapsed building, are peppered with angry comments from shoppers. Some warn they’re going to shop elsewhere now. (AP Photo/Mary Altaffer)
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Posted: 5/12/2013 10:13:55 AM EST
FILE - In this Dec. 12, 2012 file photo, a tank-top made in Bangladesh hangs on a rack in an H&M store in Atlanta. The rising death toll from the building collapse that killed more than 1,000 garment workers in Bangladesh on April 24, 2013 may force Western brands to make a choice: Stay and work to improve conditions. Or leave and face higher costs, similar or worse worker conditions in other low-wage countries and criticism for abandoning a poor nation where per-capita gross domestic product is just $2,000 per year. (AP Photo/David Goldman, File)
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Posted: 5/12/2013 10:13:55 AM EST
FILE - This Dec. 13, 2012 file photo shows labels of garments made in Bangladesh, India, China and Pakistan, that were purchased at a Wal-Mart store in Atlanta. The rising death toll from the building collapse that killed more than 1,000 garment workers in Bangladesh on April 24, 2013, may force Western brands to make a choice: Stay and work to improve conditions. Or leave and face higher costs, similar or worse worker conditions in other low-wage countries and criticism for abandoning a poor nation where per-capita gross domestic product is just $2,000 per year. (AP Photo/David Goldman, File)
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Posted: 5/3/2013 9:03:28 AM EST
European Commissioner for Economic and Monetary Affairs Olli Rehn addresses the media at the European Commission headquarters in Brussels, Friday, May 3, 2013. The European Union is predicting that the recession in the Eurozone will continue in 2013 and that unemployment will stand at record levels. In Friday's spring economic forecast, the EU said that gross domestic product in the 17 nations that use the euro currency will shrink by 0.4 percent this year, slightly better that the estimated -0.6 percent for last year. (AP Photo/Yves Logghe)
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Posted: 5/3/2013 9:03:28 AM EST
European Commissioner for Economic and Monetary Affairs Olli Rehn addresses the media at the European Commission headquarters in Brussels, Friday, May 3, 2013. The European Union is predicting that the recession in the Eurozone will continue in 2013 and that unemployment will stand at record levels. In Friday's spring economic forecast, the EU said that gross domestic product in the 17 nations that use the euro currency will shrink by 0.4 percent this year, slightly better that the estimated -0.6 percent for last year. (AP Photo/Yves Logghe)
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Posted: 5/3/2013 9:03:28 AM EST
European Commissioner for Economic and Monetary Affairs Olli Rehn addresses the media at the European Commission headquarters in Brussels, Friday May 3, 2013. The European Union is predicting that the recession in the Eurozone will continue in 2013 and that unemployment will stand at record levels. In Friday's spring economic forecast, the EU said that gross domestic product in the 17 nations that use the euro currency will shrink by 0.4 percent this year, slightly better that the estimated -0.6 percent for last year. (AP Photo/Yves Logghe)
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Posted: 5/3/2013 9:03:28 AM EST
European Commissioner for Economic and Monetary Affairs Olli Rehn addresses the media at the European Commission headquarters in Brussels, Friday, May 3, 2013. The European Union is predicting that the recession in the Eurozone will continue in 2013 and that unemployment will stand at record levels. In Friday's spring economic forecast, the EU said that gross domestic product in the 17 nations that use the euro currency will shrink by 0.4 percent this year, slightly better that the estimated -0.6 percent for last year. (AP Photo/Yves Logghe)
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Posted: 4/25/2013 8:52:23 AM EST
A man walks past a row of derelict houses in Stoke on Trent, central England April 24, 2013. Britain's economy dodged a return to recession and grew faster than expected in the first three months of this year, a relief for finance minister George Osborne. The Office for National Statistics said on April 25, 2013 Britain's gross domestic product rose 0.3 percent in the first quarter after shrinking by 0.3 percent quarter-on-quarter in late 2012, above forecasts for a 0.1 percent rise. Photograph taken on April 24, 2013. REUTERS/Phil Noble
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Posted: 4/25/2013 8:52:23 AM EST
A man speaks on his mobile phone next to a closed shop in Leicester, central England April 24, 2013. Britain's economy dodged a return to recession and grew faster than expected in the first three months of this year, a relief for finance minister George Osborne. The Office for National Statistics said on April 25, 2013 Britain's gross domestic product rose 0.3 percent in the first quarter after shrinking by 0.3 percent quarter-on-quarter in late 2012, above forecasts for a 0.1 percent rise. Photograph taken on April 24, 2013. REUTERS/Darren Staples
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Posted: 4/25/2013 5:27:02 AM EST
A man walks past a row of derelict houses in Stoke on Trent, central England April 24, 2013. Britain's economy dodged a return to recession and grew faster than expected in the first three months of this year, a relief for finance minister George Osborne. The Office for National Statistics said on April 25, 2013 Britain's gross domestic product rose 0.3 percent in the first quarter after shrinking by 0.3 percent quarter-on-quarter in late 2012, above forecasts for a 0.1 percent rise. Photograph taken on April 24, 2013. REUTERS/Phil Noble
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Posted: 4/25/2013 5:27:02 AM EST
A man speaks on his mobile phone next to a closed shop in Leicester, central England April 24, 2013. Britain's economy dodged a return to recession and grew faster than expected in the first three months of this year, a relief for finance minister George Osborne. The Office for National Statistics said on April 25, 2013 Britain's gross domestic product rose 0.3 percent in the first quarter after shrinking by 0.3 percent quarter-on-quarter in late 2012, above forecasts for a 0.1 percent rise. Photograph taken on April 24, 2013. REUTERS/Darren Staples
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Posted: 3/3/2013 2:58:21 PM EST
People look at second hand items for sale at a street market in Madrid, Sunday, March 3, 2013. Spain's Prime Minister Mariano Rajoy has conceded that the government just failed to reduce its budget deficit in 2012 to the level it promised European authorities. Rajoy said the deficit fell to 6.7 percent of the country's annual gross domestic product from 9 percent in 2011. (AP Photo/Andres Kudacki)
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Posted: 3/3/2013 2:58:21 PM EST
A man performs for money near an ATM machine in Madrid, Sunday, March 3, 2013. Spain's Prime Minister Mariano Rajoy has conceded that the government just failed to reduce its budget deficit in 2012 to the level it promised European authorities. Rajoy said the deficit fell to 6.7 percent of the country's annual gross domestic product from 9 percent in 2011. (AP Photo/Andres Kudacki)
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Posted: 9/30/2012 1:02:31 AM EST
A firefighter holds a placard with a defaced image of Spain's Prime Minister Mariano Rajoy during a demonstration by firefighters, security and military personnel against cuts in their salaries imposed by Spanish Government, in the Andalusian capital of Seville September 29, 2012. Spain's debt will reach 90.5 percent of gross domestic product by end 2013 after hitting 85.3 percent of GDP by the end of this year, the government's budget document showed on Saturday. REUTERS/Marcelo del Pozo
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Posted: 9/30/2012 1:02:31 AM EST
A firefighter holds a placard with a defaced image of Spain's Prime Minister Mariano Rajoy during a demonstration by firefighters, security and military personnel against cuts in their salaries imposed by Spanish Government, in the Andalusian capital of Seville September 29, 2012. Spain's debt will reach 90.5 percent of gross domestic product by end 2013 after hitting 85.3 percent of GDP by the end of this year, the government's budget document showed on Saturday. REUTERS/Marcelo del Pozo