Eurozone Fails to Grow Economy

For the last three months of 2009, the economy for the eurozone registered no growth at all over the previous quarter. Year-over-year, the combined economies of the countries using the Euro currency, fell 2.2 percent compared to earlier predictions of a 2.1 percent decline.

“Economic activity gathered steam in most of the major OECD economies in the last quarter of 2009, with the notable exception of the euro area,” reported the chief economist of the Organisation for Economic Co-operation and Development (OECD), Pier Carlo Padoan.

Source: BBC News

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