Summary
LABOUR politicians convinced that the current economic crisis is a plot hatched overseas might draw some comfort from the fact that the European Union also thinks Germany and Spain are edging towards recession.
Output in Germany is estimated to have fallen 0.5pc in the second quarter and 0.2pc in the current one. Spain will move into negative territory in the second half of the year, along with Britain.See the full content of this document
Extract
Sweet Taste of Eu Agony ; Comment
Indeed, Jean-Claude Juncker, who heads the euro group of finance ministers, says there is a risk that the whole of euroland could be heading for 'technical recession'.
But before Alistair Darling and Gordon Br...See the full content of this document
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