"The euro area is currently in a mild recession," Olli Rehn (L) said in Paris Tuesday

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"The euro area is currently in a mild recession," Olli Rehn (L) said in Paris Tuesday

Georges Gobet

EU Economic Affairs Commissioner Olli Rehn talks with Eurogroup president Jean-Claude Juncker at the EU headquarters in Brussels on March 1, 2012. "The euro area is currently in a mild recession," Rehn said in Paris Tuesday after EU statistics office Eurostat said the eurozone economy grew by 1.4 percent last year, less than the previously estimated.