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Article: Europe rises from crisis.
- Article from:
- Times of Oman (Muscat, Oman)
- Article date:
- November 2, 2009
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Byline: AFP
PARIS: Europe is pulling clear of recession but now faces a long fight to unplug itself from government funded life support as it struggles with extra debt, a strong euro and an ageing population, analysts say.
An AFP survey this week of analysts notes on hurdles ahead for European economies pinpoints a paradox: with each move toward recovery they begin a race against time to put growth, employment and public finances in step.
The urgent task now, say analysts at Dutch bank ING, is to start planning for what they call a "rebalancing from public to private spending."
In remarks consistent with the broad tenor of analyst ...