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Officials warn of further slump in eurozone

By Fu Jing | China Daily | Updated: 2011-08-31 07:55

BRUSSELS - The high degree of uncertainty in the global financial market may result in a further economic downturn in the eurozone, top EU officials warned.

But they also said the factors that can contribute to modest economic growth still exist.

Shortly after its long summer recess, the European Parliament held a special meeting on the economic situation late on Monday after EU banks and bond markets took a beating throughout most of August.

Officials warn of further slump in eurozone

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