Shrinking EU Economies Deepen Austerity Divisions

Alongside Germany, France has been in the driving seat of European integration, but figures released Thursday show over 3.2 million French are jobless, and further cuts are looming.
Carmaker Citroen announced the closure of its factory in Aulnay-sous-Bois outside Paris, and Steel giant ArcelorMittal has begun mothballing furnaces.
In contrast, the biggest hiring announcement came from the national employment agency, Pole Emploi.
“GDP declined approximately 1 percent …

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