Struggling eurozone risks losing its good looks - FT.com
"One explanation is that for all its woes, the eurozone’s assets look attractive relative to other parts of the investment world – whether struggling emerging markets or overpriced US equities. What is more, the eurozone is a turnround story; let’s not forget it was close to collapse less than two years ago. But weak headline economic growth and inflation data also mask a significant change that has not gone unnoticed in financial markets: the eurozone has shifted decisively into a current account surplus, exporting more goods and services than it imports. Official data this month showed the surplus in the final quarter of 2013 hit almost 3 per cent of gross domestic product – the highest since the euro was launched in 1999....
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.