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Eurozone seen recovering before US

The Local · 28 Aug 2011, 11:39

Published: 28 Aug 2011 11:39 GMT+02:00

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"In all eurozone countries the fundamentals are improving," Klaus Regling told the latest edition of Der Spiegel magazine.

He said countries in the region have started putting their finances in order and already some of those worst affected by the crisis, such as Ireland, are back on their feet.

The EFSF was set up last year to help shore up debt-ridden countries. Its role is shortly to be expanded in line with measures agreed to by eurozone leaders in July.

Regling believes the eurozone's financial situation is better than that of the United States.

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"The US deficit, for example, is three times as high as that of the eurozone," he pointed out.


The Local (news@thelocal.de)

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Your comments about this article

15:18 August 28, 2011 by catjones
Take care Klaus. Remember how germany always makes proclamations of miracles only to later retract when the numbers get revised?
00:14 August 29, 2011 by elboertjie
False positives.

Too much new money is drowning any hope of production growth, because the foundations are getting too soggy and will liquify.
18:22 August 29, 2011 by Englishted
He said countries in the region have started putting their finances in order and already some of those worst affected by the crisis, such as Ireland, are back on their feet.

Tell that to the unemployed who are in danger or have lost their homes.
18:39 August 29, 2011 by Leslie44
How unfortunate! On one of the extremely rare occasions when a German actually manages to make an optimistic prediction, all the comments are of the "sour-grape" pessimistic variety! Why can't we just accept the guy's opinion and go back to living with a little more joie-de-vivre and a spring in our step? After all, most of the negative predictions which I have heard over the years have FAILED to come true!!
13:48 September 4, 2011 by Englishted

25% of the German workforce are on 400euro /mini jobs .

A spring in the step stuff is it not ?.
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