EU loosens shackles on national budgets as euro-area recession deepens.
By James G. Neuger and Fred Pals, Bloomberg|March 14, 2013 at 10:00 AM
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European leaders are loosening the shackles on national budgets as the euro-area recession deepens and unemployment climbs, with pro-growth calls coming even from German Chancellor Angela Merkel, the leader most closely associated with austerity.