EU GDP shrinks 3.5 per cent

FILED – 04 July 2011, Baden-Wuerttemberg, Karlsruhe: One euro coins will fall onto an EU flag. The European Union’s gross domestic product shrank 3.5 per cent in the first three months of the year, according to a first estimate from Eurostat, while eurozone unemployment climbed slightly in March to 7.4 per cent. Photo: picture alliance / Uli Deck/dpa