Economic crisis en Europe 2009

By now everyone in the developed world knows it: we are living an economic crisis. Still unclear is why a recession, which according to economic specialists is not something completely unusual, is now considered a crisis. Maybe it is just a mass-media gimmick or maybe it is something far worse than a recession. For now the answer will be left opened to debate and the focus will go on what shall we expect in the next few months.

Last week, the Commission of the European Union, the institution responsible for managing the major economic aspects of the world’s largest economic power – the European Union, has released its predictions for 2009. Although the picture is not a cheerful one, it is neither a devastating one.