Economic Crisis

economic crisis: 1. Eurozone: Investors are worried the 18-nation bloc could be slipping back into an economic crisis following a string of disappointing data, according to The Independent. Furthermore, Paris has indicated it won't commit to further austerity, throwing a challenge to Brussels and Berlin, which have continuously called for tighter budgets. Meanwhile, Italy and Spain, are stuck in a low growth, low inflation and high unemployment environment and So what behind the sell-off? Earlier this week, Germany slashed its growth forecast for this year and 2015. France, the eurozone second largest economy, has barely grown in three years and has already announced it won't meet its budget deficit target of 3 per cent until 2017. (news.financializer.com). As reported in the news.