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Eurozone recovery grinds to halt amid Ukraine fear

By
From page B11 | August 15, 2014 |

FRANKFURT, Germany  — After four quarters of meager growth, the fragile economic recovery in the 18-country eurozone creaked to a halt in the second quarter.

Growth was zero. After only 0.2 percent in the first quarter.

Now who will get out and push? The European Central Bank, with a further monetary stimulus? Or governments in France and Italy, which have dragged their heels in making their economies more business-friendly?

Either or both could help. Especially if the Ukraine crisis mushrooms with a Russian invasion that would scare off business investment even more – and extend one bad quarter into an outright recession.

 

The Associated Press

The Associated Press

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