From the WSJ.com:
Euro-zone manufacturing activity contracted sharply in June and unemployment hit a record, in the latest sign that Europe's economic problems are worsening amid the region's debt crisis and a broader global slowdown.
The data put added pressure on the European Central Bank to reduce its key interest rate when it meets Thursday, a move that would bring the euro bloc's monetary policy into expansionary territory unmatched even in the aftermath of the Lehman Brothers collapse in September 2008....
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Link: http://online.wsj.com/public/page/news-economy.html
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