FINANCIAL TIMES: …The revival of confidence in eurozone economies suggests the healing process that began with European Central Bank president Mario Draghi’s pledge to do “whatever it takes” to save the euro is gaining ground.
The figures mean that the region’s economy grew by 0.5 per cent between the final quarter of 2012 and the end of 2013. In 2012 the region’s economy contracted on the back of fears that the monetary union could collapse. Mr Draghi’s pledge in the summer of 2012 helped to calm these concerns but it has taken time for this to feed through to the bloc’s households and businesses…
Evelyn Herrmann, economist at BNP Paribas, said: “This is the third consecutive quarter of growth in the eurozone, but comes with the additional charm of much broader-based growth spreading beyond the core countries. Effectively, it was the first time since the first quarter of 2011 that all big five eurozone economies posted positive quarterly growth rates.”… (more)
