EU trims 2014 eurozone growth prospects | Bangkok Post: news

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EU trims 2014 eurozone growth prospects

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Hopes of eurozone recovery momentum were dashed Tuesday, with new EU forecasts seeing more agony for millions on the dole as Brussels stepped up pressure on Germany and France to re-shape their economies. 

File picture shows people waiting in line at a government employment office in the centre of Madrid on September 4, 2012

The European Commission said growth across the 17-member single currency area would amount to 1.1 percent next year, down from the 1.2 percent it forecast in May.

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