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Greece economy recession to deepen

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Greece economy recession to deepen

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The focus may have shifted to Spain and Europe’s other debt laden economies but latest data shows the Greek economy continues to shrink.
 
GDP fell 0.8 percent in the first quarter of 2010. It remains firmly in recession and economists say it’s likely to get worse.
 
But, that has failed to deter protests against tough government austerity measures. There have been more rallies in Athens with Trade Unions also promising another 24 hour nationwide strike later this month. 
 
Despite the Greek crisis some other European countries remain keen on joining the 16-nation single currency.
 
Estonia has just been given a clean bill of health to start using the euro next year.