Luxembourg, 09/06/2009 (Agence Europe) - With the economy contracting by 4%, unemployment increasing by 11% by 2020 and worsening public finances continuing into next year, Europe's economic situation is bleak. State measures taken as part of the European recovery plan have nonetheless helped to cushion the effects of the economic slowdown and paved the way for increased economic activity next year, says a report adopted by the Ecofin Council on Tuesday 9 June. The report, drafted by the...