Concerns of a downturn in the 16 member euro area continue to gather pace as the spotlight slowly places focus on the fact that government actions to scale back stimulus measures will put the Euro-Zone at risk for a double-dip recession by the end of the year. Currently, indebted members of the bloc are embarking on austerity measures even though self sustaining procedures have yet to be achieved.
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[Source: DailyFX Forex Market News]
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