This Week's Top Stories

 1. EU bids to close book on Greece, re-boot economy
2. WTO gives ruling on Airbus-Boeing state aid dispute
3. Fraud costs EU EUR 600m annually
4. Germany top indirect beneficiary of EU cohesion funds
5. EU breast cancer deaths 'to drop 9%' in 2012
6. France suffers major egg shortage

 Publisher's Note

EC figures show that consumer and business confidence in the eurozone rose in February. However, the key services sector suffered a drop, and, according to a survey by the SME organisation UEAPME, uncertainty prevails over confidence.

In fact it believes a mild recession is now under way, with Europe's businesses in 'wait and see' mode, while the confidence gap between Portugal, Ireland, Italy, Greece and Spain combined and the rest of the EU keeps widening.

UEAPME warns that structural reforms are needed to balance the reduction of public demand which is a consequence of fiscal consolidation. Only these, it says, can mobilise private spending, foster SME growth and restore business confidence to pull Europe out of the slump.
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