Euro-Area Economy Seen Almost Stalling
Growth in the eurozone fell in the three months from April through June as continent wide austerity measures had taken a toll on the overall GDP of the region. The biggest surprise was that GDP growth in Germany fell to 0.1 percent in the three month period. Germany, the Euro-zone's biggest economy, is seen as the principle driver of growth on the continent and the news of miniscule growth in the country sent stock markets down throughout the region and in America. The news follows the revelation on friday that the French Economy did not grow at all in the second quarter.