Brussels - Eurogroup finance ministers were meeting in Brussels on Monday amid growing concerns that the European economy may get stuck in recession until
2010, prompting possible new bail-outs of troubled countries and shedding some 6 million jobs in the process.
Latest projections from the European Central Bank (ECB) suggest euro area gross domestic product (GDP) could shrink by up to 3.2 per cent this year, far more than previously expected.
GDP could either fall by 0.7 per cent or rise at the same rate in 2010, the ECB said.