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                      Euro zone Industrial Output Slumping

   by VOA News

   Industrial output in Europe's euro currency bloc is slumping, new
   evidence the region's economic recovery could be stalling.

   The European Union reports industrial output unexpectedly dropped 1.1
   percent in October, after falling slightly in September. Industrial
   strength fell in October in the euro zone's two biggest economies,
   Germany and France, and gained ground in only two of the bloc's 17
   nations, Italy and Estonia.

   The euro zone has struggled to regain its economic footing after
   escaping an 18-month-long recession earlier this year.

   Its economy, collectively the world's largest, advanced three-tenths of
   a percent in the April-to-June period, but just a tenth of a percentage
   point for the three months ending in September.

   The Standard & Poor's financial services firm predicted that for all of
   2013, the euro zone economy would contract six-tenths of a percent, but
   advance by nearly one percent next year.

   In another report, European officials said that one of the euro zone's
   smallest countries, Slovenia, would have to spend $6.6 billion to
   rescue its banks, but would be able to afford the infusion of cash
   without seeking an international bailout.
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   [1]http://www.voanews.com/content/eurozone-industrial-output-slumping/1
   808826.html

References

   1. http://www.voanews.com/content/eurozone-industrial-output-slumping/1808826.html