Get Ready For Recession In Europe In 2012

Citigroup economists believe that Europe will go into recession in 2012. The recession will be the result of two factors: European leaders will not be able to resolve the current sovereign debt crisis, and European banks will be forced to reduce lending and focus on restoring their balance sheets. If Europe does go into recession the bank crisis and the sovereign debt crisis will also worsen. Economic growth is one of the important solutions to the problems in Europe. Recession makes everything worse.