‘Europe begins to see way out of crisis’

“In the wake of prolonged economic decline, Europe is doing better,” writes Berlingske, ahead of the publication of EU and eurozone second-quarter GDP figures by the European Commission on August 14. Growth in both the EU and the eurozone reached 0.3 per cent, as opposed to -0.1 per cent and -0.3 per cent respectively in the first quarter of this year.
For “the first time in six quarters, the overall figure for growth in the eurozone is positive,” remarks the newspaper, which adds that the improvement is mainly due to the good performance of the economy in Britain (+0.6 per cent) and Germany (+0.7 per cent), and a slowdown of the crisis in Southern Europe, where Portugal posted a remarkable improvement of +1.1 per cent.