Eurozone

Eurozone gross domestic product grew at its fastest pace in more than three years in Q2, official figures show.

German GDP grew 2.2% in the second quarter, the largest gain in more than 20 years.

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CONJECTURE

Eurozone growth slowed for the second month in a row in June, according to the Purchasing Managers Index (PMI).

Russian President Dmitry Medvedev believes the Gulf of Mexico spill could lead to the "annihilation" of oil giant BP.

Fears over Spain escalated yesterday as investors sold off government bonds on warnings of funding problems for the country's companies and banks.

Billionaire investor George Soros, the man who broke the Bank of England, says the financial crisis has "just entered Act II" as Europe's fiscal woes worsen.

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