The eurozone climbed out of recession at last with better-than-expected growth of 0.3 percent in the second quarter led by Germany and France, the European Union said on Wednesday.
A general view of the production of a cruise ship at the Meyer wharf in Papenburg, northern Germany, on August 8, 2013. The German economy, Europe's biggest, expanded by 0.7 percent in the second quarter of 2013, slightly faster than expected, according to the latest official data.
Data agency Eurostat said the 18-month downturn which has cost millions of jobs and crushed debt-laden governments ended thanks largely to surprise gains of 0.7 percent in Germany and 0.5 percent in France.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.