Recesssion

Greece has been selling off its historic properties, including near the Acropolis, to settle its massive economic debt.

Despite some positive figures in December, France’s January sales have reflected the gloom cast by Italy.

Author Paul Krugman says ending this recession should be easy but we seem to be making it painful, writes Decca Aitkenhead.

Business did not experience a good holiday period and retail sales are still down, the SA Chamber of Commerce and Industry said on Tuesday.