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Mar 13, 2013
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Italy enters euro zone’s worst recession
Emanuele Tedeschi wiped sawdust from his hands and gestured around the cavernous woodworking factory that has been in his family for two generations. The big machines, which used to run overtime carving custom furnishings for private homes, Roman palazzi and even the Vatican, sat idle on a shop floor nearly devoid of workers.“A year and a half ago, the noise from production was so loud that you had to shout to be heard,” said Tedeschi, walking amid pallets of cherry and other fine woods stacked up and waiting for a purpose. Since a government austerity plan took hold last year, the Italian economy has tumbled into one of the worst recessions of any euro zone country.
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http://www.financialexpress.com
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