There was good news out of Europe last week, when the Eurozone - the
17 nations united under the euro – finally emerged from the recession it has
lived with for six straight quarters, or a year and a half. Still, the Eurozone posted
growth of just 1.2 percent, which wasn’t even as strong as the disappointing 1.7
percent second-quarter growth here in the United States.
Leading the way out of the recession were the two strongest economies
in Europe, Germany and France. Germany posted 2.8 percent growth in the second
quarter, while France posted 2.0 percent.
Not surprisingly, the European stock markets have begun to perform better as well.
Over the past month, European stocks have outperformed U.S. equities by about
10 percent.
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