Quote:
The French economy has entered recession after shrinking by 0.2% in the first quarter of the year.
France's economy shrank by the same amount in the last quarter of 2012. A recession is defined as two consecutive quarters of negative growth.
France has record unemployment and low business and consumer confidence.
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http://www.bbc.co.uk/news/business-22536197
There is some good news though:
http://www.bbc.co.uk/news/business-22533108
Quote:
Ratings agency Fitch upgraded Greece's credit rating, citing progress in cutting its budget deficit and the risk of a eurozone exit receding.
Fitch up-rated Greece by one notch from CCC to B-, which is still junk status.
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