Hit for six: Why Europe is still stumbling

GDP in the eurozone has fallen for six straight quarters as the fiscal austerity agenda keeps it stuck in what looks increasingly like a perpetual recession.

The eurozone’s nasty recession, or is that a depression, was confirmed with news that GDP fell 0.2 per cent in the March quarter versus market expectations for a fall of 0.1 per cent. Over the past year, GDP has fallen 1 per cent.

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