Source
UK economic output has plummeted in the second quarter: the Diamond
Jubilee and exceptionally wet weather cited as reasons for lack of
growth. As a matter of fact its UK's longest double-dip recession on
record. Furthermore, economic news out of Europe remains grim: From
Spain's banking crisis, to manipulated interest rates, known as Libor,
to the persistent eurozone debt crisis, not to mention Greece being ever
closer to leaving the eurozone. Even Germany, Europe's economic
powerhouse, is not immune. This edition of News Analysis takes a look at
how deeply in trouble Europe is. Source
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