Predictions of ECB rate cut grow as growth fades

Associated Press
Predictions of ECB rate cut grow as growth fades

A man uses an ATM machine as a homeless man begs for alms from his makeshift bed in Madrid, Spain, Monday, April 22, 2013. The 2012 figures from Eurostat, the European Union's statistics office, showed Monday that in spite of efforts to get a handle on its debts, Spain saw its budget deficit rise to 10.6 percent of GDP in 2012 from 9.4 percent the year before as the country took US dlrs 52 billon (40 billion euro) in rescue loans to help its banks. Excluding the rescue funds, Spain says its deficit last year improved to just under 7 percent, above the initially pledged target of 6.3 percent. (AP Photo/Andres Kudacki)

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