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Eurozone economy heading for steep contraction in Q4: PMIs

Last Updated: Monday, December 5, 2011, 15:01

The escalating sovereign debt crisis has already pushed the eurozone economy into a contraction that could be far worse than economists had expected, business surveys suggested on Monday.

Eurozone economy grows by 0.2% in Jult-Sept

Last Updated: Tuesday, November 15, 2011, 17:57

The eurozone economy expanded by 0.2 percent in the three months to September, even as severe debt turmoil threatens to derail the fragile recovery of the 17-nation bloc.