European Economic and Monetary Affairs Commissioner Joaquin Almunia presents the spring economic forecast during a news conference at the EU Commission headquarters in Brussels May 4, 2009. Europe's economy will not start recovering until the second half of next year, the European Commission said on Monday as it slashed its forecasts to reflect the region's deepest recession since World War Two. REUTERS/Francois Lenoir (BELGIUM POLITICS BUSINESS IMAGES OF THE DAY)