Paris and Lisbon said they would seek more time from Brussels to reach their deficit goals. Madrid has already indicated the same.
The EU’s executive said the euro zone economy, which generates nearly a fifth of global output, would shrink 0.3 percent in 2013 after a 0.6 percent fall last year, blaming a lack of bank lending and record joblessness for delaying the recovery.
to return: (v.) to go back to
struggling: (adj.) fighting, trying to survive
to miss: (v.) to not obtain
target: (n.) objective
seek: (v.) to look for
reach: (v.) to get, to obtain
generate: (v.) to produce
output: (n.) production
shrink: (v.) to make smaller, to reduce
blame: (v.) to attribute fault, to assign guilt
lend: (v.) to give to someone temporarily, waiting for the same in return
joblessness: (n.) unemployment, not having a job
delay: (v.) a short interval of time before beginning
recovery: (n.) recuperation, returning to another state