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situation report

Feb 14, 2013 | 10:51 GMT

EU: French, German Economies Contracted At The End Of 2012

The German economy contracted by 0.6 percent and France's economy shrunk by 0.3 percent in the last three months of 2012, the BBC reported Feb. 14, citing official figures. The fall in Germany's gross domestic product was the largest since the first quarter of 2009. Italy's gross domestic product also fell, by 0.9 percent. Financial troubles could challenge Europe's core alliance.

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EU: French, German Economies Contracted At The End Of 2012
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