Business chiefs fail to banish the gloom

EUROPE - Pessimism about Europe's economy was prevalent at a mini-Davos meeting of top bankers and industrialists.

European business leaders are scared. For all the brave words and fine talk that the worse may soon be over, industrialists and bankers gathered last weekend at their annual get together on the banks of Lake Como did little to disguise their overriding pessimism.

"Economists may be pragmatic and sober but the financial markets have gone out of control," said a Paris-based investmen

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