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Eurozone Officially in Recession Amidst Continent-Wide Strike

HeadlineNov 15, 2012

The eurozone has officially fallen back into a recession in the face of the ongoing sovereign debt crisis. New figures today show European Union economies collectively saw a contraction of 0.1 percent between July and September, the second consecutive decline. The news comes one day after millions of workers across the European Union took part in an unprecedented general strike against austerity measures such as tax hikes and spending cuts. Dubbed the “Day of Action and Solidarity,” it was the first time unions engaged in coordinated strikes across the European continent.

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