Monday, February 26, 2007
How strong is Europe's upturn?
Posted by David Smith at 01:00 PM
Category: Thoughts and responses

Europe has been surprising on the upside recently, and the strength of the recovery has underpinned the euro and given the European Central Bank the justification to raise interest rates. But how sustainable is the upturn? Anatole Kaletsky, writing in The Times, suggests Europe may be flattering to deceive and has some interesting detail in his figures.