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Europe's improving. No, really
Europe is definitely showing signs of economic recovery, according to Mads Koeford, Saxo Bank's Head of Macro Strategy. Figures this week are expected to show the Eurozone has finally come out of a recession that began in the latter part of 2011. Koeford points to a sustained change of sentiment in European business confidence. And there's been a pick-up in the number of temporary workers being hired which, he says, is another sign things are slowly improving.
Mads is keen to point out that a full European recovery is going to take a number of years and more difficult decisions have to be taken. He's also convinced that Greece is going to need significant financial help within months and Ireland, Italy and Spain could yet be another drain on Europe's dwindling cash resources. However, he believes it's important to consider the good news of recent weeks when there's been so much bad over so many years.
01:23 minutes
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