"Ello... Ello... Stagnation calling... Is this Europe?"
Two snapshots from the recent ECB staff forecasts for the euro area performance: 2012-2014... Real GDP in the range of cumulative 3-years growth of... -0.0076%... 2014 rapid expansion of the forecast range of 0.9-1.2%... If this is the engine of growth, then this is the engine of mobility:
Update: The Zaporozhets of Growth is now spilling coolant (oil has drained already):
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