Germany hit by agonies of eurozone shrinking by 0.6% in final quarter of 2012

Official figures from Eurostat showed the eurozone economy shrank by 0.6 per cent in the final quarter of 2012, the Daily Mail reports. It was the worst reading since early 2009 and marked the first time that the region has failed to grow in a year since the introduction of the single currency. The eurozone economy is likely to remain in recession for most of 2013, although very small growth is expected to return later in the year The four biggest countries in the eurozone - Germany, France, Italy and Spain - all suffered a major contraction. ‘They're pretty awful figures,' said...