Originally Posted by spunkmaster

The European economy looks bleak. Unemployment is high. Growth over the recovery has been weak. And Germany ? the powerhouse ? is facing major economic difficulties. However, Jenni Greenslade and Andrew Sentance argue in this article that a turning point is in sight. Some of the depressing influences on recent European economic performance are fading. And there is plenty of capacity for growth without inflationary pressures emerging. It is time to show some cautious optimism about European economic prospects, though the problem of high unemployment is likely to take many years to erode.

http://www3.interscience.wiley.com/j...TRY=1&SRETRY=0