Euro facing difficulty

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European data was very unsatisfactory this morning since Euro-zone GDP dropped more than anticipated in Q1 at a rate of 2.5 %, making the steep fall since recordkeeping started in 1995. Certainly the expansion in the region?s economies fell as both foreign and domestic demand dropped in view of the monetary catastrophe. In Germany, the Euro-zone?s largest financial system, GDP pushed 3.8 % throughout Q1 from the preceding quarter, the worst fall since recordkeeping started in 1970, whilst Italian GDP fell 2.4 %, and the sharpest drop since records started in 1980.
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