Put aside the dark clouds of Greece’s debts and the French elections: Economic confidence at the highest level since 2011 suggests that the euro-area economy is in better shape than it’s been for years.
While just a year ago European Central Bank officials were debating easing policy further, the tables could now be turning — though to be sure Brexit, the state of Greek finances and a wave of populism in some nations remain formidable threats. Capturing the shift in tone, Bundesbank President Jens Weidmann said market expectations for an interest-rate increase in 2019 didn’t sound “absurd.”
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