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    Eurozone confidence falls amid deepening crisis


    by PressTV

    Consumer confidence in the Eurozone fell to a three-year low in August, according to fresh data from the European Commission. The Economic Sentiment Indicator decreased by 1.8 points to 86.1. The long-term average is 100 points. These numbers come at a time when Europe’s economic crisis is deepening. Fears have been reignited that Greece may soon go bankrupt if it doesn’t get more cash. Concerns are growing that Spain may also require an international bailout after three of its regions requested national assistance. This turmoil has led to a massive flight of deposits from banks in Southern Europe.