EU Crisis may not end next year!

An EU Commissioner is reported in the Wall Street Journal this morning as follows:

Also Thursday, European Commissioner for Economic and Monetary Affairs Joaquin Almunia said growth forecasts for next year will have to be cut because the financial crisis appears likely to last longer than expected.

"The crisis may not end next year," Mr. Almunia said. Earlier this month, the commission forecast that the euro-zone economy will grow 0.1% in 2009, having previously forecast it would grow by 1.6%.

Strange that Britain, judged by the OECD to be worst placed in the credit crunch, is positioned by A****** Darling and his deranged boss Gordon Brown to emerge in July next year, see Brown's recession counter in this blog's sidebar.