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Eurozone recovery reported in fourth quarter, led by Germany and France | Business News | DW.DE | 14.02.2014

Between October and December 2013, the eurozone economy grew 0.3 percent, improving on a meager 0.1 percent recorded in the previous three-month period of the year, according to , on Friday.

Compared with the fourth quarter of 2012, the rate of expansion was even higher at 0.5 percent, Eurostat said.

...According to the Eurostat figures, the recovery was led by the bloc's main economies, Germany and France, which expanded by 0.4 percent and 0.3 percent respectively.

But the biggest quarterly rises were posted by new eurozone member Latvia, up 0.7 percent, and the Netherlands which grew by the same rate. Italy, which is the euro area's third-biggest economy, grew by only 0.1 percent.

Eurozone laggard Greece saw its economic problems ease somewhat at the end of 2013, logging a better-than expected contraction of 2.6 percent on the annual comparison for the quarter.

A smaller contraction is still a worsening of economic problems, sorry. And -2.6% is "better than expected", LOL.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Fri Feb 14th, 2014 at 02:43:32 PM EST
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We have been hearing these stories, "This is the turning point!", ..., "But this is the turning point!", ...

This overwhelming sense of denial, rationalization, and escapism is viable as long as the crisis keeps bubbling on like a bad soup.

Schengen is toast!

by epochepoque on Fri Feb 14th, 2014 at 04:09:21 PM EST
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Forward Latvia, the new economic engine room of Europe!
by ThatBritGuy (thatbritguy (at) googlemail.com) on Sat Feb 15th, 2014 at 01:27:38 AM EST
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patient still unbled?

troika time!

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Sat Feb 15th, 2014 at 02:24:51 PM EST
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