May 20, 2013
Euro zone falls into second recession since 2009, data shows
The debt crisis dragged the euro zone into its second recession since 2009 in the third quarter despite modest growth in Germany and France, data showed today.
The two leading economies both managed 0.2 percent growth in the July-to-September period.
Those two quarters of contraction put the euro zone's 9.4 trillion euro ($12 trillion) economy in recession, although Italy and Spain have been contracting for a year already and Greece is suffering an outright depression.