Europe's economy: Still in the danger zone
For the past year, we've been hearing that global growth, and the world's equity markets, will get a major lift from a gradual recovery in Europe. Indeed, Ireland and Portugal recently returned to the debt markets with well-received offerings, and the Greek government claims it will soon be in a position to issue bonds. Yields on sovereign debt remain remarkably low and stable. It's indisputable that a mood of tranquility has returned to the eurozone.
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