Prospects for the European economy in 2009 and 2010 are now worse than the official forecasts...

|By:, SA News Editor

Prospects for the European economy in 2009 and 2010 are now worse than the official forecasts published in November, European Commission economic department head Marco Buti says. "The overwhelming indicators point south very badly," he said in Brussels. "The next forecast I'm expecting will be worse than what we have seen so far."