The European economy shrank over the past three months, with slowing German growth and stagnant conditions in France pushing the region towards recession. The euro zone is entering a double-dip recession, complicating efforts to manage public debt and banking issues. Critical decisions are expected from Germany's Constitutional Court and the European Central Bank. Spain and Italy are at risk of needing bailouts, while Germany's growth remains positive due to exports and household spending. The euro region is dividing into a healthy core and struggling periphery.
documents/EFTA01103692.pdf
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