Hollande is reassuring

On bulldozer — Recession

François Hollande —

The worst is behind us.

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In an interview with six European dailies, French President François Hollande said that "we are close, very close" to resolving the eurozone crisis. Despite this, the growth outlook for the eurozone is bleak for 2012 (-0.4%) and 2013 (0.2%), according to the latest IMF forecasts.

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