Euro Zone Shrinks Into Longest Ever Recession - Presented by: The Aol. On Network

The red carpet is a must at Cannes. But while it's rolled out for the famous film festival, the rest of France won't be celebrating. Red's not just the colour of the carpet, but the country's economy too. It shrank by 0.2 percent in the first quarter this year, dragging France back into recession. It's still the euro zone's second largest economy, but according to Carsten Brzeski from ING, it's also now second tier.



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