The European Union`s economy contracted by a worse-than-expected 0.3 percent in the second quarter, according to final Eurostat estimates out on Wednesday.
Finance Ministry and Reserve
Bank officials will meet in the next 10-12 days to decide on
a schedule for government borrowings for the second half of
the current fiscal.
Top US administration officials said that economic growth is highly likely to resume in the second half of the year, but warned of "hard choices" to contain rising deficits once recovery is assured.
Day in Pics: 30th August
August 30, 2014
Famous Ganesh Pandals in Mumbai