Olli Rehn
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EU warning over second recession

The European Union has drastically cut its growth forecast for the eurozone in 2012, from a predicted 1.8% to just 0.5%.

European Commissioner Olli Rehn said the forecast was the "last wake-up call" for the region, saying there was a real risk of a new recession.

Robert Peston reports.

  • 10 Nov 2011
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