Positive Signs for Europe Recovery

All the usual caveats still apply, but there is consistent evidence that the worst may be over for Europe’s economy.

Five years after the start of a financial crisis that set off broad economic, social and political problems and severely strained the idea of European unity, an overdue cleanup of euro zone banks is about to begin. French business confidence is improving.

Perhaps the most striking news on Wednesday was that the Spanish economy crawled out of a two-year recession in the third quarter, though it grew at an estimated annual rate of about 0.4 percent.


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