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Title
Prospects for fiscal consolidation in Europe.
Abstract
The article presents an outlook on the economic conditions of Europe. It predicts that the economy of the area is likely to drop by 4.1 percent in yearly terms in 2009 and will have a modest recovery of 0.8 percent growth in 2010. Meanwhile, it also forecasts a 9.3 percent rise of unemployment in 2009, while around 10 percent of the same concern in 2010.