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Euro zone undergoing fragile recovery

Nov 13, 2003
By Elahe Merel, AFP

BRUSSELS - The 12-country euro zone is seeing the first signs of fragile recovery after a prolonged slowdown, fueled by the U.S. upturn but remaining highly dependent on the euro. New European Central Bank chief Jean-Claude Trichet arrived in his Frankfurt office this month amid cautious sightings of light at the end of the tunnel after a downturn that has seriously stretched the zone's budget rules."In the euro zone indicators are increasingly pointing toward a certain improvement in activity ...

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