Yesterday Dr Alf will recall the upbeat messages from the German Finance Minister in which we were being told about the progress Europe was making.
I questioned this optimism and said that I wanted to be shown the results of these policies before I placed any faith in them.
Today, we learn that all the forecasts are being revised downwards bar one, Cyprus.
The EU, excluding Cyprus, is going to produce less than 1% growth next year, which is 2% less than what is required for full employment.
With inflation factored in, Europe is going backwards, is exporting virtually nothing (except for Germany, armaments from BAE Defense Systems and luxury items and super-cars from Italy).
Cyprus is hopefully going to show bright promise through the discovery of offshore gas reserves, greater investment from China and more income from tourists and tax exiles, looking for a more peaceful and less frenetic life surrounded by great natural beauty.