European Commissioner for Economic and Monetary Affairs Olli Rehn speaks during the presentation of the Fall Economic Forecast at EU headquarters in Brussels on Wednesday, Nov. 7, 2102. Europe's economy is still reeling and unemployment could remain high for years in spite of the progress made in solving the debt crisis, the European Union warned Wednesday as it downgraded its forecasts for the 27-country bloc. (AP Photo/Virginia Mayo)

Photo by: Virginia Mayo

European Commissioner for Economic and Monetary Affairs Olli Rehn speaks during the presentation of the Fall Economic Forecast at EU headquarters in Brussels on Wednesday, Nov. 7, 2102. Europe's economy is still reeling and unemployment could remain high for years in spite of the progress made in solving the debt crisis, the European Union warned Wednesday as it downgraded its forecasts for the 27-country bloc. (AP Photo/Virginia Mayo)