The need for a new start and a massive program of aid to European economic recovery in the spring of 1947 was widely recognized.

By so doing we are able to increase our expenditures to assist in European recovery.

Dealers and auto analysts say that, in good measure, the European recovery is a result of basic price competition.

Such companies should profit from the global trade accord and the European economic recovery, he said.

Speedy European recovery could not have been managed without such underpinning.

Over all, the bank stressed that the European recovery, after becoming stronger than anticipated a year ago, seemed likely to continue into 2007.

Germany had long been the industrial giant of Europe, and its poverty held back the general European recovery.

The European recovery may have started only when the population, through natural selection, had gained some resistance to the new diseases.

"I would take it as a sign that the European recovery is fragile," he said.

Indisputably, however, there is no sign of a European economic recovery in the immediate future.