The grey economy: Europe’s €1.5 trillion-a-year black holeHow austerity could backfire. Click here for the full storyAusterity Grinch steals Europe’s XmasMore good news for austerity.Click here for the full storyEurozone debt hits 90% of its economy In spite of years of harsh spending cuts and tax increases, Europe’s debt problems are getting worse.Click here for the full storyEurope won’t begin to emerge from debt crisis for at least another 18 months Says Goldman Sachs chief European economist Huw Pill. Click here for the full story