Germany is doing well economically. In the rest of Europe, especially in the south, things look different: sluggish growth, mountains of debt and growing nationalism.
Ahead of a key meeting with creditors in Caracas about $60 billion of debts, the president has insisted Venezuela will never default on its debt. Meanwhile, the EU has moved to impose sanctions including an arms embargo.
Following months of violent protests, Venezuela is meeting with creditors to discuss ways out of what seems to be inevitable default. Meanwhile, the EU slapped a new set of sanctions on the South American nation.
The economic outlook for both the eurozone and the EU as a whole is increasingly upbeat, says the European Commission. Although concerns remain, the crisis of recent years seems to be finally over.
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