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1.Market Observations

15 Nov 2012 (The Guardian) – Double-dip recession confirmed in eurozone

(15 Nov 2012, The Guardian, and

‘Eurozone GDP fell by 0.1% in third quarter, plunging region into recession that economists fear could drag into next year.’

‘The head of the European Central Bank has warned that time is running out to resolve the crisis in the eurozone as the latest figures showed the 17 nations of the single currency have slid into a double-dip recession.’

‘With financial markets convinced that even worse data will emerge over the winter, Mario Draghi urged policy makers to take full advantage of the breathing space won by the ECB when it announced in the summer it would buy unlimited amounts of government bonds from troubled euro zone countries.’


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