Wednesday, May 15, 2013

EU Urges Triple-Dip France To Present Reforms

European Commission President Jose Manuel Barroso has called on France to present a credible programme of structural reforms as new data showed Europe's second largest economy had slipped into a triple-dip recession.

France's economic woes mirrored losses across the eurozone.

New growth figures for the first quarter show a collective contraction of 0.2% for European Union members.