It's Official: The U.K. Is Back in a Recession
For the first time since 2009, the United Kingdom's economy is experiencing a recession.
European leaders and market analysts are starting to forecast the results of a Greek exit from the Eurozone and the projections don't look good.
For the first time since 2009, the United Kingdom's economy is experiencing a recession.
It's not a good time to be an incumbent politician in the economically fragile eurozone. French President Nicolas Sarkozy and the soon-to-be-former Dutch Prime Minister Mark Rutte will tell you firsthand.
Greek Prime Minister George A. Papandreou has upset European leaders (and their financial markets) by calling for a public referendeum on the negotiated bailout package that he had agreed to last week.
Greek authorities say one person has died during protests against the government's new austerity measures, reports the AP.
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