It's a Good Thing Bush Isn't President of the EU
One can only imagine how Paul Krugman would pan this economy
:Economic growth in the European Union as a whole and the euro zone nations that use the euro currency slowed to 0.3 percent in the second quarter, the EU said Thursday, but growth in the 12 nations using the common currency is expected to pick up by the end of the year.
The EU's statistics agency Eurostat said the 0.3 percent expansion followed first-quarter growth of 0.5 percent in both the euro zone and the entire EU.
The EU head office kept its third-quarter forecast range for euro-zone growth at 0.2 percent to 0.6 percent, but forecast 0.6 percent expansion in the fourth quarter on the back of more favorable euro exchange rates and a stronger global economy.
European Commission spokesman Stefaan De Rynck said this was the highest EU growth forecast since 2000.
How's the economic growth
in the United States?U.S. second-quarter GDP rose 3.4 percent on an annualized basis, as expected, compared with 3.8 percent in the first quarter of 2005.