As previously discussed, it doesn’t get any better than this from a German point of view.

And it could be several more months or quarters before the austerity hits them.

EU Headlines

Europe Manufacturing Growth Quickens to 9-Month High

Europe Unemployment Remains Near Highest in More Than 12 Years

ECB pauses bond purchases as crisis eases

German January Unemployment Falls to 18-Year Low

France Won’t Lift Sales Tax Rate Right Now, Lagarde Says

Spanish Bank Tackles Toxic Assets

Italian Unemployment Rate Holds Near 7-Year High in December

Central Bank cuts Ireland’s outlook over austerity

Greece confident over new rescue loan installment

Industry warns Europe on competitiveness

Spain’s Salgado Says EU Rescue Fund Should Be More Flexible