Recession tide rising as EU works on dam of state spending (AFP)

Posted by admin on December 3, 2008 under News | Be the First to Comment

Recession tide rising as EU works on dam of state spending (AFP)

A pedestrian walks past a share prices board in Tokyo. Stocks slumped in Asia Tuesday, with Tokyo closing down 6.35 percent, Hong Kong sliding 5.0 percent, Seoul shedding 3.3 percent and Sydney sliding 4.2.(AFP/Yoshikazu Tsuno)AFP – The global economic crisis swept on to another watershed on Tuesday with EU ministers targeting a huge spending boost, stocks gyrating, the US in recession and central banks looking for new rescue routes.


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