Europe in deeper shade of red

The eurozone and Germany avoided recession in the first quarter. Italy, however, fell deeper into recession hit by heavy debt and austerity norms.

Updated on: May 16, 2012 12:26 AM IST

Hindustan Times | By HT Correspondent, New Delhi

The eurozone and Germany avoided recession in the first quarter. Italy, however, fell deeper into recession hit by heavy debt and austerity norms.

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The eurozone and Germany avoided recession in the first quarter. Italy, however, fell deeper into recession hit by heavy debt and austerity norms.