Belgium first in eurozone to enter formal recession

Belgium enterred into formal recession In Februqary 2012 after seeing a small fall in output during the last three months of 2011, followed a fall in the previous three months

ESO: Background information: Fitch cuts ratings of five eurozone countrie http://www.europeansources.info/record/fitch-cuts-ratings-of-five-eurozone-countries/

ESO: Background information: Belgium aims to cut €1bn from spending in 2012 http://www.europeansources.info/record/belgium-aims-to-cut-e1bn-from-spending-in-2012/

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