"Europe’s currency project will probably survive, but the price paid by the euro zone area is likely to be dismal economic growth for the next decade.
The verdict comes from economists gathered here from around the world for the annual meetings of the American Economic Association, which run Jan. 7 to Jan. 9.
“The most probable scenario is that Europe will just muddle through,” said Pascal Petit, from the Centre d’Economie de Paris Nord of the University of Paris.
With European countries forced to take austerity measures to stem market fears about surging public debt levels and a central bank focused more on controlling inflation than boosting growth, economists believe the 17-country area cannot escape continued low growth..."
at http://blogs.wsj.com/economics/2011/01/07/economists-say-europe-faces-low-growth-for-a-decade/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Feconomics%2Ffeed+%28WSJ.com%3A+Real+Time+Economics+Blog%29
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