Standard & Poor's: the euro zone economy could shrink by 1.5%
1/14/2012 | (Voice of Iraq) - Add comments - BRUSSELS (Reuters) agency Standard & Poor's credit ratings on Saturday, likely by 40 percent to enter the euro zone economy in recession this year, warning the government that its policies are focused more necessary to reduce debt. said Moritz Kramer, credit analyst at Standard & Poor's in the conference call, "risk of recession is increasing and we expect now that the probability of recession 40 percent this year. "may lead this to the economic contraction for the euro zone by 1.5 percent." The Standard & Poor's debt ratings cut by nine countries in the euro area seven years on Friday and said in a conference call with investors and reporters that the European Central Bank hopes disappointed when it did not enhance its purchases of bonds in the secondary market the region to calm investors.