‘Marginal’ growth in eurozone
The news will bring huge relief to the Brussels’ apparatchiks who have had to contend with increasingly gloomy news over the past three years. But whether these tentative signs of growth point to a more durable recovery or whether it proves to be a temporary respite before the region returns to crisis mode remains to be seen.
The eurozone’s problems are still very visible. The countries on the periphery (Spain, Italy, Greece, Portugal, Cyprus and Ireland) are going through painful devaluations.
