Europe will enjoy a gradual – though unspectacular – economic recovery over the next two years, according to a new set of highly anticipated economic forecasts published by the European Commission on Tuesday (3 November).
But well over a year since EU citizens first awoke to newspapers containing the words "credit crunch," ongoing problems in the bloc's credit market continue to maintain a drag on the region's economy.
"The banking sector is still fragile and credit is stagnating...
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