1/03/2012

Difficult year ahead for European economy

With a predicted recession looming ahead, European leaders warn of a difficult 2012.


Leaders such as the German Chancellor Angela Merkel, French President Nicholas Sarkozy and  Italian President Giorgio Napolitano came up with new year messages warning of difficult times ahead and calling for more sacrifices. 


Chancellor Merkel said: "...next year will no doubt be more difficult than 2011. The road to overcome it [debt crisis] remains long and not without setbacks, but at the end of this path Europe will re-emerge stronger from the crisis than it was when it entered it."


"I know that the lives of many of you, already tested by two difficult years, have been put to the test once more," said President Sarkozy.


"You are ending the year more worried about yourselves and your children," he said.
President Napolitano called for more sacrifices. "Sacrifices are necessary to ensure the future of young people, it's our objective and a commitment we cannot avoid."


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