Forget 2010….2011 will be the year that mergers and acquisitions finally bounce back, according to a new report from UBS and the Boston Consulting Group based on conversations with senior executives at around 200 of Europe’s largest listed companies.

Cynics may point out that the very same survey conducted 12 months ago predicted that 2010 was the year that dealflows would return after the financial crisis. While global volumes have recovered by 9% from a low base in 2009, European M&A is 4% down year to date.