An economic survey concurs with European Central Bank President Mario Draghi's assessment that "we are not at all seeing an early and strong recovery". Analysts expect euro-zone growth to be stymied not only by austerity but also by the euro's strength. "Without a decisive resolution it will be hard to fully restore private-sector confidence and credit availability, and stimulate growth," according to a Goldman Sachs report. "As a result, 2013 promises to be another year of weakness for Europe's economy."

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