6/17/2013

Despite rising off a three-year low in May, inflation in the eurozone remains far enough below the European Central Bank's target of slightly less than 2% that the ECB considered what it would do if the economy fails to recover in the second half of this year. "It highlights the fact that the euro zone continues to face major headwinds and still has its work cut out to return to sustainable growth," said Howard Archer of IHS Global Insight.

Full Story:
Reuters

Related Summaries