The so-called Eurozone is experiencing its second recession after 2009. The debt crisis has ravaged and is still ravaging the growth of this continent. Integrated economy comprising of 17 countries has contracted 0.3% in the last quarter and it is most likely to sink up to 0.1% in the current quarter. This simple data is enough to reveal that Europe is going through a recession. Along with the integrated economy, if the economic conditions of the countries are taken separately, the picture will become clearer. The condition, in general, is a little harrowing, but people are keeping their fingers crossed.
The biggest question of the hour is how long the recession will last. There is a simple answer to that and a complicated one. First, the discussion will be on the simple answer. This answer simply reveals that, the recession will be over by the end of year 2012, but there is a condition. If the current political crisis continues and no concrete and strong decisions and taken, then the recession will go on for a longer period of time. If this seems to be a riddle, then you need to understand the scenario of the whole continent a little better and you will get a clearer picture of the economy.