Economy: hope in Europe

The latest economic data from S&P global gives rise to hope in recession-hit Europe. The figures from March show an increase in the composite index for production in the private sector in the eurozone - industry and service providers combined - to 50.4 points from 50.2 in the previous month. At the same time, the economic heavyweight of the eurozone, germany, saw an increase from 50.4 to 50.9. The massive efforts of the europeans to set up a demand program worth billions of euros are therefore beginning to bear fruit. Of course, this is a typical Keynesian flash in the pan.

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