Economic recovery in Europe: Rhetoric and reality


by Ulrich Rippert
August 20, 2009
WSWS


In Paris and Berlin, politicians and sections of the media are speaking euphorically of an end to the recession and the start of an economic upturn.

Writing in the German business newspaper Handelsblatt, Torsten Riecke declares, “The harshest downturn since the Second World War is over. The nightmare is at an end.â€