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Perilous journey of debt for UK and EU



UK is back in a recession, due to two consecutive quarters of negative growth. But analysts have said that UK has been in a recession for quite some time. Is the govt. preparing the austerity-weary people in the UK for additional or revised austerity cuts? In this news analysis we will examine the state of UK's economy, and how it fairs to other weak economies in Europe, especially countries in the Eurozone who are suffering from the debt crisis, such as Italy and Spain.

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Last Updated (Thursday, 07 June 2012 11:41)