Eurozone growth rose by 0.3 percent in the last quarter of 2013, but the belt-tightening is far from over.
Car sales in the European Union enjoyed their strongest October in eight years, with new car sales up by almost six percent. But poor performance in Britain and Ireland is holding the bloc back.
French President Emmanuel Macron is impatient to reinvigorate the eurozone. But this poses a dilemma for the EU's eastern members: Stay out and risk losing clout in Brussels or join and risk losing economic sovereignty.
The European Union has increased its forecast for economic growth in the 28-nation bloc, saying the recovery was gaining strength despite the elevated uncertainties of Brexit and protectionist trade policies.
Fresh eurozone economic data show that inflation has risen to just below the ECB's key target, growth is accelerating and unemployment has hit a seven-year low, suggesting the bloc's economy is finally on the mend.
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