 "Illustration by Ajay Mohanty")
What does the Euro zone’s future hold? It depends where you look. Some economic indicators suggest that things are looking up for the common currency’s survival; for example, employment has returned to its pre-crisis peak, and per capita GDP growth exceeded that of the United States last year. At the same time, political risks seem to be increasing, despite the improvements in Europe’s economy.
The evidence of an increasing risk of a Euro zone break-up comes from three different indicators. But closer examination of those indicators suggests that, while the longer-term risks remain substantial, the short-term risks are rather low.
One widely
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