The eurozone debt crisis dragged the bloc into its second recession since 2009 in the third quarter, despite modest growth in Germany and France, data showed yesterday.

Austerity measures in the eurozone are unavoidable, but countries can and should counteract with reforms to boost growth, European Central Bank Governing Council member Luc Coene said on Saturday.

THE eurozone debt crisis may be as much about the heart as it is about the head — like a jilted lover, markets are just finding it hard to trust again.