European recovery stalls as UK politicians warn of complacency

European Central Bank at night

A UK parliamentary committee this week warned the ECB's eurozone rescue operation risks causing complacency over the continuing financial crisis, as dismal European GDP figures belied increasingly optimistic forecasts from various quarters about a return to growth.

ECB president Mario Draghi declared on January 23 that "the darkest clouds over the euro area subsided" in 2012, noting that many countries had made solid progress in bringing their public finances under control and were enacting stru

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