2013-05-24bloomberg.com

``Austerity is out after the euro-area recession extended to a sixth quarter. Stimulus isn't yet in... "Austerity on top of austerity is dead," said London-based Morgan Stanley analysts including Daniele Antonucci in a pre-summit report. "The pace of austerity has certainly eased, if not the path. One hindrance to envisaging some degree of economic stabilization has been removed."''



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