Is the EU recovering or tanking?

Whether the European Union’s recession is ending — or just beginning — depends on who you ask. And according to the Financial Times and the Wall St Journal‘s front pages, both headlines are based on data provided by the EU. In Britain’s FT: Brussels calls upturn. The European Commission said the end of Europe’s recession ...

By , International Crisis Group’s senior analyst for Colombia.

Whether the European Union's recession is ending -- or just beginning -- depends on who you ask. And according to the Financial Times and the Wall St Journal's front pages, both headlines are based on data provided by the EU.

Whether the European Union’s recession is ending — or just beginning — depends on who you ask. And according to the Financial Times and the Wall St Journal‘s front pages, both headlines are based on data provided by the EU.

In Britain’s FT:

Brussels calls upturn. The European Commission said the end of Europe’s recession was in sight…" 

From this side of the Atlantic ocean, the WSJ reads

The EU predicted the region’s economy will contract 4 percent in 2009, amid a longer-than-expected recession."

Further proof, perhaps, that where the recession is going is anyone’s guess. Or perhaps another case of dubious analysis from the EU’s economic masters…

Elizabeth Dickinson is International Crisis Group’s senior analyst for Colombia.

Tag: EU

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