S. & P. warned in December that it might downgrade many of the 17 nations that share the euro, largely because it said European politicians were moving too slowly to strengthen the monetary union and because the euro zone's problems were propelling Europe toward its second recession in three years. (nytimes.com)
Maybe, we'll dodge a second recession in the short - term, but the game is the game, and publishers are simply running out of good choices. (newsonomics.com)
The austerity cuts across Europe are taking hundreds of billions of euro out of the European economy, pushing the eurozone into its second recession since 2008. (blog.politics.ox.ac.uk)