In Q4 2011 Greece's debt restructuring
plans hung in the balance, its southern
European neighbors were revising already pitiful
economic forecasts downwards and any tangible signs of a
recovery in the US seemed a long way off.
LONDON — The head of the Horizon 2020 research budget tried today to blunt criticism of a
plan to take $ 2.7 billion from the
European Commission's research budget and put it into an investment fund for
economic recovery.