FRANKFURT (AFX) - Deutsche Institut fuer Wirtschaftsforschung's president Klaus Zimmerman said the European Central Bank's 25 basis points interest rate cut last week was "superficial" and came as too little, too late to help the euro zone economy out of its current woes. "The ECB does not act, it only reacts," Zimmerman told the Berlin daily Der Tagespiegel in an interview in Monday's edition. He said the earliest Europe can expect economic recovery is the summer of next year, and the danger of a full scale recession has yet to be warded off. German unemployment figures are due to be published on Wednesday, but Zimmerman said he is not counting on jobless falls in the short term. He added it is now clear chancellor Gerhard Schroeder will not reach his target of reducing unemployment to 3.5 mln by the time of the next election.