European bond yields dive on QE

The eurozone economy remained weak last year, growing by just 0.9%. Nonetheless, this did represent an improvement compared to the 0.4% and 0.8% declines in GDP recorded in 2013 and 2012 respectively.

Germany remained the key driver of growth in 2014, with the economy expanding by 1.6%.

Meanwhile, the underperformance of France (+0.4%) and Italy (-0.4%) continued to weigh on eurozone growth, as they account for roughly 37% of its GDP.