EU Cuts 2013 Growth Forecast as Crisis Weighs on Germany

The European Commission cut its growth forecast for the euro zone as the debt crisis ravages southern Europe and gnaws at the economic performance of export- driven Germany. The 17-nation euro economy will expand 0.1 percent in 2013, down from a May forecast of 1 percent, the Brussels-based comm…

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EU Cuts 2013 Growth Forecast as Crisis Weighs on Germany