Now Reading:

Eurozone economy breaths a sigh of relief


Eurozone economy breaths a sigh of relief


Despite the ongoing uncertainty surrounding the Greek debt issue confidence in the Eurozone economy has risen for a fourth straight month to the highest since July 2011.

A European Commission survey says the weak euro and the dramatic drop in oil prices are behind the boost.

Italy showed the largest leap in faith followed by Germany, Spain and the Netherlands.

Observers are now suggesting that the Eurozone is now moving away from the damaging double recession, which crippled the euro area in 2008.

Next Article