The fact that the Eurozone entered a double dip recession has been known for some time now, however, the revised quarter on quarter figure for Q1 2021 showed less of a contraction (-0.3%) than was expected (-0.6%).
The decline was led by the Eurozone’s main economic powerhouses, Germany, France, Spain and the Netherlands as they witnessed their respective economies contracting once more.
There have been numerous reports in the lead up to the formal discussions that continue to shift the blame as far as the handling of the post-Brexit obligations surrounding Northern Ireland is concerned.
Brexit minister Lord Frost has communicated frustrations over the supposed inflexibility of the EU on matters concerning Northern Ireland, while Ireland’s Foreign Minister was quoted as saying, “EU have consistently proposed new solutions”.
