Fifteen Country Euro Zone Moves Into Recession

Posted: November 14, 2008 at 6:24 am

AngrybearIn news which should surprise no one, all of Europe has moved into a recession.

According to The Wall Street Journal, "The European Union said the 15-country euro zone is in recession as figures show its economy shrank for two consecutive quarters for the first time since the currency area was formed in 1999."

Douglas A. McIntyre

Read more: Economy
    • Featured Article:

    The 15 CEOs Who Should Be Paid $1 A Year

    Lee Iacocca, Chrysler’s CEO in 1979, worked for $1 a year while his company paid back taxpayers $1.2 billion in loan guarantees. Edward Liddy, former CEO of Allstate (ALL) was paid $1 a year when he stepped in to run the crumbling AIG (AIG) as the request of Henry Paulson, who was Treasury Secretary at [...]

    Read Full Story »
    Pages: 1 2 3 4