Recession comes to an end

By Jim Brunsden - 13.11.2009 / 13:48 CET

Eurozone countries emerge from recession in the third quarter, according to Eurostat.

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Rehn slams eurozone credit rating downgrades

S&P strips France and Austria of AAA status; Cyprus and Portugal downgraded to 'junk'.

Move follows rating agency's decision to downgrade France and Austria; Mario Draghi warns of “very grave state of affairs” in eurozone.

Second rescue package nearly finalised.

Finance ministers agree with Commission that Hungary has not done enough to reduce its deficit.

Latin America's financial woes led to a ‘lost decade'. The situation in Europe today looks much worse.

Move follows rating agency's decision to downgrade France and Austria; Mario Draghi warns of “very grave state of affairs” in eurozone.

S&P strips France and Austria of AAA status; Cyprus and Portugal downgraded to 'junk'.

Second rescue package nearly finalised.

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