‘First bright spells for Southern Europe’

Published on 12 July 2013 at 09:36


The economies of Southern Europe are doing a little better, explains La Croix, which devotes a special report to tentative green shoots in Greece, Portugal, Spain, Italy and Cyprus.
In these countries, writes the French daily, several indicators like industrial production, exports, and investments are trending towards positive territory.
These signs “offer a glimpse of the dawn of stabilisation, and, why not, recovery,” notes La Croix, adding that Southern European populations, which have been hard hit by austerity and unemployment, “have yet to see the effects”, and that their governments, which are still under pressure, have “to preserve social cohesion”.

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