Prague - Luxembourg Prime Minister Jean-Claude Juncker, who chairs a grouping of the 16 countries that use the euro, said Thursday that Europe may see a "timid" economic revival in late 2010 if new financial sector regulations and stimulus packages kick in.
"If the rules of new regulation really enter into effect and stimulus plans will be enforced on both sides of the Atlantic, I believe that we could see the first signs of economic recovery at the end of 2010," Juncker said through an interpreter during his Prague visit.
"But this revival will be very timid at first," he added.