Why a Eurozone Break-Up Could Happen; What It Means for Your Investments - 0 views
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Daily Gains Letter on 17 Jun 13The eurozone crisis has been haunting the global economy for a while. Countries in the common currency region are deteriorating very quickly. Look at the Spanish economy, for example: in the first quarter of 2013, it contracted 0.5% after continuing its slide from the last quarter of 2012, when it declined 0.8%. The Spanish economy, the fourth-biggest in the eurozone, has been contracting for seven successive quarters. (Source: "Austerity chokes off Spanish economy," Deutsche Welle, May 30, 2013.)