Germany's economy has defied gravity month after month, recording growth when many of the country's euro zone peers were struggling to avoid or emerge from recession, but even the so-called "engine" of Europe is now succumbing to the crisis.
October 20, 2012
October 19, 2012
Hungary Assails EU Over Budget Changes
BUDAPEST—Hungary's economy minister slammed the European Union Wednesday for forcing a significant toughening of the country's 2013 budget because of doubts that earlier deficit targets can be met.
October 18, 2012
German government cuts 2013 growth forecast
BERLIN (AP) — Europe's debt crisis and waning economic growth around the world, particularly in emerging markets, prompted the German government to cut its forecast for growth next year.
October 17, 2012
Austerity has hurt UK growth, says OBR
Austerity measures may have damaged growth in the British economy more than originally assumed, said the Office for Budget Responsibility (OBR), the government’s independent economic forecasting body.
October 16, 2012
Debt cuts only way to sustainable growth: Germany
BANGKOK: Slashing government debt is the only way to put Europe back on a path of sustainable economic growth, German Finance Minister Wolfgang Schaeuble said on Monday.
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