In Europe, signs of economic recovery

These past few years have been rough for the European economy. The Greek debt crisis; shaky banks in Italy; widespread unemployment in Spain. Now, though, there are signs that things are picking up. The European Central Bank, which frames economic policy for the eurozone — the 19 countries that use the euro as their currency — today raised its growth forecast for the zone and signaled that some stimulus measures, like low interest rates, won’t be needed forever.

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