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Euro zone in decline, U.S. and China gain | Reuters

(Reuters) – All of the euro zone’s major economies are now in various states of decline, according to business surveys that heaped more pressure on Europe’s leaders to stop the region becoming the center of a new global crisis…

The euro private sector economy shrank in May at the fastest pace in nearly three years, according to the PMIs, which suggested even Germany is no longer immune to the tremors emanating from the debts of Greece and Spain.

But the vast U.S. services sector grew at a slightly faster pace last month as a gauge of new orders improved, and China’s fledgling services sector expanded at the fastest pace for 19 months.

via Euro zone in decline, U.S. and China gain | Reuters.

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