There is no end in sight to the economic misery for the eurozone, SIA reports citing Euronews. The region has slumped into its longest recession since records began in 1995. Between January and March, gross domestic product fell for the sixth quarter in a row. That comes amid widespread austerity measures as governments cut back spending and raise taxes to reduce their deficits, companies lay off staff and Europeans buy less. GDP in the 17 countries using the euro shrank by 0.2 percent. That was an improvement on the 0.6 percent drop recorded between October and December last year, but still a one percent annual contraction.
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