Crisis-hit eurozone may tumble into recession

LONDON - The eurozone economy is in danger of tipping into recession, with the services sector shrinking this month along with manufacturing, tempering a wave of optimism after a new bailout deal for Greece was struck last week.

Surveys of purchasing managers published on Wednesday showed unexpectedly weak activity in Germany, the region's most powerful economy, and in France.

This is in addition to problems in the bloc's ailing debtor states, such as Spain, where unemployment is running at 23 percent, and Greece, where the region's debt crisis began more than two years ago and where continuous cuts have provoked riots.