At present, the five euro countries at the forefront of the debt crisis â¿¿ Greece, Spain, Italy, Cyprus and Portugal â¿¿ are in recession. Others could well join them in the months to come.The currency bloc's powerhouse economies, such as Germany and France, have also seen growth levels fall in the last year and that's increased pressure on businesses to cut costs. Industrial conglomerate Siemens AG, for example, announced Friday it would cut another 4,700 jobs, though not all in Germany.
Eurozone Unemployment Hits Another Record High
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