German Chancellor Angela Merkel said Europe was experiencing its "most severe test in decades" but that Europe was growing closer in the debt crisis.
France's President Sarkozy said the crisis was not finished, while Italy's president called for more sacrifices.
Growth in Europe has stalled as the debt crisis has forced governments to slash spending.
which will cause revenues to fall, which will cause more debt problems, which will require more 'sacrifice' and more spending cuts, which will...
Happy 2012.