Euro zone: Economic prospects for 2013 look bleak across the Continent

Street riots, political instability, financial bailouts and harsh austerity measures: The financially crippled eurozone endured another turbulent year in 2012 as European leaders were once again tested over their handling of the ongoing debt crisis.

As 2012 draws to a close, many European nations, including the Czech Republic, remain mired in recession with their citizens facing bleak prospects for the new year.

Almost all economists are pessimistic about the chances of a eurozone recovery in 2013, with some believing a rebound will not happen until 2014 at the earliest.

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(Photo: Bart Zwan/