Europe leaders warn of difficult 2012

[ via BBC Europe ] 1 Jan 2012

European leaders have warned of a difficult year ahead, as many economists predict recession in 2012.

German Chancellor Angela Merkel said Europe was experiencing its "most severe test in decades" but that Europe was growing closer in the debt crisis.

France's President Sarkozy said the crisis was not finished, while Italy's president called for more sacrifices.

The leaders' new year messages came as leading economists polled by the BBC said they expected a return to recession in Europe in the first half of 2012.

Posted in: 2012, Business, economy, Euro, Future Trends, Market, Money, Srock