Data confirms recession in weak eurozone economies


PARIS: Data released this week confirm recession in the eurozone's weakest economies last year, breathing new life into a heated debate on whether aggressive austerity measures may hit economic growth.

The dire individual statistics for Italy, Greece, Portugal and Cyprus came just days ahead of a EU summit where the bloc's leaders are to mull ways to tackle the debt crisis, with countries led by France calling for growth measures while others led by Germany are holding firm for fiscal discipline.

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