As usual, all bets are off if the euro blows up, but if the Europeans can manage to hold on to their single currency, the average UK household probably won't get to the end of the year poorer, in real terms, than they were at the start.

BBC: Reasons to be cheerful (part 1)

There's no point in us pretending that these aren't problems, and thinking that somehow we can go back to business as usual, because I think if we take that approach, then we might be able to manage for the next three or four or five years, but sooner or later we are going to get back into the same problems that we've already been in.

WHITEHOUSE: President Obama Closes Forum on Jobs and Economic Growth