European Credit Risk Report Signals Recession in Europe

2:30 AM ET Mon, 16 April 2012

A new survey shows that nearly eight out of ten European based managers believe Europe will plunge back into recession this year, Mike Gordon, managing director of EMEA at FICO, told CNBC, "This is the fourth report we have done and it seems to be getting worse, most of the credit managers at the bank seem to see the market getting worse, even talking about more recessionary like activities."