Analysis: Greek deal puts euro zone in slow recovery room
PARIS (Reuters) – The euro zone is in the recovery room now the danger of a Greek default has been averted for a couple of years, but it is not yet safe from a Japanese-style “lost decade”. The currency area’s escape route hinges more on the pace of expansion in the United States and China, lifting the world economy, than on the policy mix in Europe, which will continue to favour austerity over growth in 2013. . . .
View full post on Business News Headlines – Yahoo! News
Leave a Reply