Eurozone logged zero growth

EU said Eurozone economy logged Zero growth thus there is  no growth  in the January-to-March quarter.Is it the  austerity measures squeezed growth or not adequate programme of  fiscal spending.German Chancellor Angela Merkel to meet new French President Francois Hollande is too important for the two giants of Europe economy to decide ways to give jump-start and momentum catalytic growth. Hollande today became the first Socialist leader to assume the French presidency in 17 years, following Francois Mitterrand.Hollande said in his inaugural speech that Europe suffers from a fiscal crisis, but that the determination of the French people can overcome anything.He later took a traditional victory ride down the Champs Elysees. He is to visit Germany later in the day for talks with the country's Chancellor Angela Merkel.

Unemployment,squeezed demand,government recurring spending or on capital structures,collaborative exports with nations across the globe is seen an inertia for euro growth. EU exports for  demands of the Asian countries which are doing betters must come forward  with the markets open up with FTA can bring the balance of trade in two continents.

 European Union's statistical office said on Tuesday that first-quarter gross domestic product remained flat from the previous 3 months, when GDP shrank 0.3 percent.The eurozone managed to avoid a recession, defined as two consecutive quarters of contraction.

Among the 17 nations in the zone, Italy's economy shrank 0.8 percent, marking a decline for the third quarter in a row. Spain dipped 0.3 percent, falling for the second consecutive quarter.No comparable quarter-to-quarter data are available for Greece, but its economy contracted 6.2 percent between January and March from a year earlier.

Germany's economy bounced back to expand 0.5 percent. Brisk export growth helped the region's economic powerhouse.Germany's economic strength helped bolster the performance of the debt-ravaged region as a whole.