Wed, 07 Nov 2012 14:52:20 GMT
Euro falls on next year's growth forecast
The European Commission
forecast the euro-area economy will shrink in 2013 on the debt turmoil in
Southern Europe that squeezes export-driven German economy. According to
estimates, euro economy will grow 0.1% next year, and growth of Europe's
largest economy will ease from 1.7% to 0.8 %. The single currency has slumped
0.4% to $1.2761 after the forecast and Mario Draghi's announcement that the
debt crisis threatens