Ministers see tough few months ahead for eurozone

DENMARK - European Union finance ministers ended talks in Copenhagen at the weekend contemplating a fraught few months for the eurozone economy.

With eurozone growth now predicted to be less than 1 per cent in 2002, many ministers believe the long-awaited acceleration in growth could still be some way off.

Charlie McCreevy, Irish finance minister, summarised the downbeat mood when he said: "The projections for 2003 are on the downside. There is nothing to look forward to globally in the next ye

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