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Email this article: Eurozone faces recession throughout 2012
Posted: Thu February 23, 2012 1:50 pm
INTERNATIONAL. Fresh EU data predicted a 0.3% contraction. "The unexpected stalling of the recovery in late 2011 is set to extend into the first two quarters of 2012."
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INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
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