German fiscal decline hits euro

THE euro may decline after Germany joined Italy in sliding into recession in the second quarter.

German fiscal decline hits euro
Fri, 15 Aug, 2003 - 01:00
John Beresford-Peirse

Europe’s biggest economy contracted 0.1% in April to June after shrinking 0.2% in the first quarter.

The economy of the dozen nations sharing the euro probably stagnated in the second quarter, economists said.

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