Downturn

Activists of the PAH mortgage victims platform occupy a branch of the BBVA bank to demand the renegotiation of the mortgages of 232 families, in Sabadell, near Barcelona, June 21, 2013

Albert Gea/Reuters

Activists of the PAH mortgage victims platform occupy a branch of BBVA bank in Sabadell, near Barcelona, to demand the renegotiation of the mortgages of 232 families, on Friday. 

Marialena, a homeless AIDS sufferer and former drug addict who is on a methadone rehabilitation program, sleeps under a bridge in central Athens...Marialena, a 42-year-old homeless AIDS sufferer and former drug addict who is on a methadone rehabilitation program, sleeps under a bridge in central Athens May 13, 2013. Since the debt crisis erupted in 2009, hundreds of thousands of Greeks have lost their jobs and the unemployment rate in the country reached 26.8 percent in March, new figures show. According to Praxis, a non-governmental organisation, the number of homeless in Greece has nearly doubled to over 20,000 from 11,000 in 2009. Picture taken May 13, 2013. REUTERS/Yannis Behrakis (GREECE - Tags: SOCIETY POLITICS BUSINESS EMPLOYMENT TPX IMAGES OF THE DAY)    ATTENTION EDITORS: PICTURE 13 OF 41 FOR PACKAGE 'DOWN AND OUT IN ATHENS'. TO FIND ALL IMAGES SEARCH 'UNEMPLOYMENT YANNIS'

Yannis Behrakis/Reuters

Marialena, a 42 year-old homeless AIDS sufferer and former drug addict who is on a methadone rehabilitation programme, sleeps under a bridge in central Athens

People eat take away food as they have a break, in the business district of La DÈfense, Paris, Wednesday, May 15, 2013. France's economy has fallen back into recession, spelling trouble for the region. The national statistics agency, Insee, said Wednesday that gross domestic product fell 0.2 per cent in the first quarter of the year. The agency also revised its data for the fourth quarter of last year, saying GDP fell 0.2 per cent, up from a 0.3-per cent retraction. (AP Photo/Christophe Ena)

Christophe Ena/AP

People take their break in the business district of La Défense, Paris, on Wednesday. France’s economy has fallen back into recession, spelling trouble for the region. Insee, the national statistics agency, said gross domestic product fell 0.2 per cent in the first quarter of the year. It also revised its data for the fourth quarter of last year, saying GDP fell 0.2 per cent, up from a 0.3 per cent retraction. 

General Views Of Business And Economy As Philippines Beats Indonesia in Gaining S&P Investment Grade...Construction workers labor on the roof of a building in the Fort Bonifacio district of Manila, the Philippines, on Monday, May 6, 2013. The Philippines beat Indonesia to win an investment grade from Standard & Poor's last week as President Benigno Aquino outshines Susilo Bambang Yudhoyono in improving government finances and spurring growth. Photographer: Julian Abram Wainwright/Bloomberg

Julian Abram Wainwright/Bloomberg

Construction workers labour on the roof of a building in the Fort Bonifacio district of Manila, the Philippines. The Philippines beat Indonesia to win an investment grade from Standard & Poor’s last week as President Benigno Aquino outshines Susilo Bambang Yudhoyono in improving government finances and spurring growth.