Yes, the Euro zone reported positive GDP for the Q2, driven by small growth in Germany and France. But Spain and Italy are still showing negative growth and France has some major problems. Unemployment is still extreme in the periphery. The banks are the real problem though.
Europe Returns To "Growth" After Record 6-Quarter Long "Double Dip" Recession; Depression Continues : http://www.zerohedge.com/news/2013-08-14/europe-returns-growth-after-record-6-quarter-long-double-dip-recession-depression-co Excerpt: Don't buy the propaganda? You are not alone - even Goldman said to not take the data at face value: "The solid Q2 GDP print should not be taken at face value as it partly reflects a “statistical payback”. Moreover, the weakness in French investment spending is a reason for caution. More generally, the Euro area still has to cope with balance sheet adjustment required in both the private and public sectors, and continuing fiscal austerity will continue to weigh on demand for some time to come." We give Europe at most two quarters before the net foreign capital rotation fades and the continent reenters an unprecedented triple dip "recession."
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