While you were sleeping More signs of EU weakness

Mon, 18 Feb 2013

By Margreet Dietz Feb 19 (BusinessDesk) - Equities in Europe fell as European Central Bank President Mario Draghi warned of "further weakness" in the region's economy. Data released last week showed that the EU economy contracted more than expected in the fourth quarter, shrinking 0.6 percent from the previous three months. "Available indicators signal further weakness at the beginning of 2013, with domestic demand remaining dampened,” Draghi told EU lawmakers in Brussels today. Europe's Stoxx 600 Index declined 0.2 percent. The UK’s FTSE 1...

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