In mid-July the great-and-good finance ministers of the European Monetary Union (EMU) gathered to consider the euro zone's economic condition. They ruminated over the most recent economic forecast, which projects annual GDP growth in the euro zone this year at a pathetically anemic 0.7%. Then, to a minister, without exception, they all but decided that their economies should suffer more of the same, if not worse.
In mid-July the great-and-good finance ministers of the European Monetary Union (EMU) gathered to consider the euro zone's economic condition. They ruminated over the most recent economic forecast, which projects annual GDP growth in the euro zone this year at a pathetically anemic 0.7%. Then, to a minister, without exception, they all but decided that their economies should suffer more of the same, if not worse.