EU Economic Affairs Commissioner Olli Rehn said the economy was set to come to a “virtual standstill” in the second half of the year, but he assured that Europe would avoid another recession. “The outlook for the European economy has deteriorated,” Rehn told a news conference, releasing a European Commission interim report on the economy. “We are expecting a stalling of economic growth but not a recession.” The eurozone crisis is dragging down growth in the second half of the year but not to t
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Eurozone crisis drags down growth
