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Wednesday, May 1, 2013

ECB weighs rate cut as eurozone economy struggles

A one-euro sign and a banner reading "Happy Easter" are displayed at a discount store selling candles and other items at the start of Orthodox Holy Week, in Athens, Monday, April 29, 2013. Orthodox Christians around the world celebrate Easter on Sunday, May 5. Retailers and travel agents booking domestic trips are expecting slower sales over the Easter holidays, with a continued recession expected to see Greece's crisis-hit economy contract a further 4.25 percent this year. (AP Photo/Thanassis Stavrakis)FRANKFURT, Germany (AP) — Economists say the European Central Bank could cut interest rates as soon as Thursday because of fears that the euro area's economy isn't recovering — even though top bank officials themselves caution that a cut won't do much good.



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