“Economic fallout from the political crisis over Ukraine threatens to derail Europe’s ‘weak, fragile and uneven’ recovery in the months ahead, the head of the European Central Bank admitted. Hopes early this year that Europe was on the road back to prosperity have evaporated amid tit-for-tat sanctions between the EU and Russia over Ukraine, sharply increasing downside risks, Mario Draghi warned as the ECB kept rates at record low levels. With even Germany experiencing an unforeseen slowdown in industrial production, the 18-nation eurozone has returned to the state of nervousness and gloom that characterised the years after the global economic…”
http://www.thetimes.co.uk/tto/business/markets/europe/article4169631.ece
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