News: 2014-03-27

Europe
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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