Thanks to strong growth in Germany, and also France and now Italy out of recessions, has helped drag the entire eurozone into positive territory.
The problem is that the Eurozone is similar to the football league system, where you would have to say Germany and France are Premier league, whereas Spain have slipped to league 1 and might get relegated further.
The economies of the individual countries are so different that Germany could steam ahead, whereas Spain could be in recession for years.
Problems may occur if the ECB have to tinker with interest-rates to cool some economies, which could screw up any of the economies that are still struggling.
Friday, November 13, 2009
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