The previously presumed 'cadaver' that is Euroland, shows a flicker of life in the economies of both Germany and France; although we need to be cautious about the financial news regarding the latter. Nevertheless, the doyen of all things wasteful, the British Broadcasting Corporation, thought that the suggestion of growth well worth 'crowing' about; albeit, this is less than the improved figures in the British economy, something that they almost choked upon in their news programmes.
It would be reasonable to have anticipated such activity in Germany, but, the French economy must be in dire straits, with their burgeoning welfare system, not to mention the money owed to them, by Greece in particular. Greece, naturally, along with Spain, Portugal, Italy and Ireland, are far from any type of recovery, and will never be in a position to repay their debts to their creditors. The whole of Euroland remains in total financial turmoil with vast mountains of debt.
Is it possible that the 'feel good factor' figures are just 'spin'? What should make us suspicious are the noises being made by Angela Merkel regarding possible repatriation by the Germans of some of the rulings by Brussels. After all, Germany has a General Election coming up.
DO WE SMELL A RAT HERE?
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