EU econometricians have now confirmed earlier reports: the Eurozone did indeed experience a 0% rate of growth during the first quarter of this year. Meanwhile, Moody’s ratings agency downgraded the debt of German and Austrian banks.In other news, President Barack Hussein Obama has reaffirmed the OAS resolution calling for negotiations on the “status” of the Falkland Islands — or, as Mr. Obama prefers to call them, the Malvinas (when he’s not calling them the “Maldives”).
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