Eurozone debt burden rises to record 92.2% of GDP in Q1
Austerity measures have kept a lid on economic growth; taxes choking consumption and investment.
Spending cuts, tax increases reduce eurozone deficit, but debt still rising
In 2012, eurozone debt was worth 90.6% of the region’s annual GDP, up from 87.3%.
Industrial production across EU down by 0.4% in January
Eurozone currently stuck in a recession, recovery later this year.
Euro economy shrinks 0.2% in Q2, edging closer to recession
US’s biggest export customer, fall-off will hit order books.