James Nixon, chief European economist at Societe Generale, told CNBC, "the key thing is it is not going to be a deep recession, but there is going to be no end to the crisis, no bazooka, so it is just going to be a grindingly difficult year."
James Nixon, chief European economist at Societe Generale, told CNBC, "the key thing is it is not going to be a deep recession, but there is going to be no end to the crisis, no bazooka, so it is just going to be a grindingly difficult year."