News Summary: Europe's year ahead
Head of European Central Bank sees recovery; US economist sees risk ahead for European Union
GLASS HALF FULL: European Central Bank chief Mario Draghi forecast a recovery for European Union countries during the second half of the year, and spoke of a "restored sense of relative tranquility." He acknowledged that none of that is being realized right now in Europe.
GLASS HALF EMPTY: A leading U.S. economist, Barry Eichengreen, warned that the debt crisis that has shaken Europe to its core. The professor at the University of California, Berkeley, who studied the possibility of a eurozone breakup long before the crisis began in 2009, warns that the debt crisis in Europe is going to heat up again this year.
SWISS MIX: Pressures in Europe have clouded this year's World Economic Forum in Davos, Switzerland. There is a debate in Britain over whether to one day pull out of the European Union, which consists of 27 nations.
