The European Commission predicts the restoration of the European economy next year

The European Commission announced that the end of a recession in Europe is within reach, but with the increased projections for growth in unemployment over the next two years. The European executive body, made a cautious forecast that the recovery in the 27 EU countries will begin by next year. Still, economists warn EU of "dramatic deterioration" of public finance, especially in Britain, where the deficit of the state. sector is projected by 2010 to reach 14% of GDP. It was expected that in this and next year the European economy will lose 8.5 million jobs, compared with the established 9.5 million for the period from 2006 to 2008.
Projections of the European Commission set the sombre tone for the forthcoming meeting of the ECB. Analysts expect rates to decline 1.25% to 1%. However, among members of the Governing Council there is no consensus on what level of rates should be regarded as minimal. There may be any options, except for zero.