"European recession will worsen," said the economist.
Erik Berglof, chief economist at the
European Bank for Reconstruction and Development EU, said: "The worst thing
recession is yet to come, European funding has warned heads of state today. There is still "something rotten" in the banking system in Europe, despite the recent wave of the current state. I do not think that the worst is behind us, we have not seen everything. There is a sense that we do not yet know what is in our banking system, a necessity not only of knowledge, but also to make public, as was done in the United States . Competition Commissioner Neelie Kroes
, also said: "There are still quite
bankers who are doing this because they realize that there is something rotten in closet."
Source: independent.co.uk
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