European economy rebounds, but currency concerns remain

Jack Barton, CCTV, 24.12.2014

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2014 was a year in which some Euro area countries showed signs of recovery, including Greece and Ireland. But on the whole, Europe’s single currency region remains one of the biggest drags on the global economy. And the mood among Europeans looks less-than-bright, especially with jobless rates stubbornly high. CCTV’s Jack Barton walks us through the major issues from Brussels. [...]

Yet, there is no longer widespread concern the Euro might implode or a member state exit the bloc. Policy experts say there is one key reason for that.

“The obvious one is the action of the European Central Banks. The fact the central bank declared back in 2012 that it would do whatever is necessary to safeguard the Euro and it has done so since then,” Janis Emmanouilidis, director of studies at the European Policy Centre said. [...]

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