Europe back on track – for now

Key Points Crisis-hit eurozone states now running surpluses Modest growth has returned Sovereign debt still a problem The European experiment has been patched up, the bunsens are burning and the eurozone economies, while not exactly bubbling away, are at least showing signs of activity. But is this part of a sustainable recovery or just a lull before we see more broken beakers and a sticky mess? To answer this question, we need to start by examining how the problems started. Since the late 1990s European monetary policy has been driven largely by German domestic policy. In turn, Germany policy...

The European experiment has been patched up, the bunsens are burning and the eurozone economies, while not exactly bubbling away, are at least showing signs of activity. But is this part of a sustainable recovery or just a lull before we see more broken beakers and a sticky mess?

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