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Europe appears to be arriving at the end of the longest recession since WWII. European Central Bank forecasts indicate that experts are expecting growth of 0.9 per cent in 2014 and 1.5 per cent in 2015.
Quoted by Süddeutsche Zeitung, Simon Junker, of the German Institute for Economic Research (Deutsches Institut für Wirtschaftsforschung) sees "a light at the end of the tunnel".
But recovery will be gradual, warns the Munich daily, which adds that a worsening of the situation in Greece, or another bout of political chaos in Italy will herald a rapid return to turbulent times on financial markets.
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