“The euro zone appears to be heading for a fourth consecutive quarter of economic contraction, as surveys of purchasing managers indicate business activity shrank at a faster pace in February.
That will likely feed calls for a reconsideration of the euro zone’s strategy for tackling its fiscal and banking crises, which has relied heavily on austerity programs that have had a larger negative impact on growth than policy makers had expected.
In the wake of Italian elections in which voters largely rejected parties that favored austerity, euro-zone policy makers have said more emphasis should be given to boosting growth and jobs, although they have yet to say how that can be accomplished….”
If you enjoy the content at iBankCoin, please follow us on Twitter
