By Daniel Hunter
In a month when the EU welcomed another member state and the way was opened for another EU country – Latvia – to join the eurozone, we might well be lulled into assuming that neither the EU dream nor the single currency are discredited after all and that things are looking up.
Indeed, the OECD’s composite leading indicator for the eurozone has now been at, or above, the long-term average trend line for the last three months in a row and GDP projections even for the current year are being revised upwards.
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