Business Bites: Is the worst of the eurozone debt crisis over?
The President of the European Central Bank, Mario Draghi, has told Germany's Bild newspaper that he thinks the worst of the eurozone debt crisis is over.
However, data from the European Purchasing Managers' Indices suggests the region may have already slipped back into recession.
The business survey, which reflects how thousands of companies across the region are faring, has shown a contraction across the board.
Germany and France in particular both saw a sharp fall in manufacturing activity.
Meanwhile, manufacturing activity in China contracted in March raising fears the global slowdown could be harming its economy.
The BBC's Aaron Heslehurst discusses key financial stories of the day.
22 Mar 2012
- From the section Business