Following a bout of fiscal debt concerns in the last two months, aggregate macroeconomic performance in the euro zone has somehow defied naysayers as it marches steadily towards recovery. The resilience is primarily leveraged from the strong performance of its bellwether economy, Germany. Germany's December Ifo survey indicates that its economy continues to expand at a rapid rate, signalling that problems in the periphery are more than offset by the benefits of the weaker euro.
展开▼
