The Societe Generale bank said in a report, the per capita GDP in the Euro area would be flat from 2007 to 2007, which means that it will be the Europe's "lost decade". The main reason of European economic growth weakly lies in the fact that the political deal with sovereign crisis and bank crisis action is very slow, and the pace of structural reform is also too slow. According to the Euro Zone GDP in the third quarter, only grows up 0.1% in the quarter year-on-year, much less than 0.3% growth in the second quarter, suggests that the pace of recovery in the Euro is still very weak.
Written by Dora Men