Euro zone economy set to shrink in 2012, deficits in focus

BRUSSELS (Reuters) - The euro zone economy is heading into its second recession in just three years and the wider European Union will stagnate, the EU's executive said on Thursday, warning that the currency area has yet to break its vicious cycle of debt.

Source: http://feeds.reuters.com/~r/reuters/topNews/~3/ljDbeje5OKo/us-eu-economy-forecasts-idUSTRE81M0KT20120223

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