Optimism that Europe’s economy might finally be turning a corner was fuelled on Friday by stronger-than-expected growth data from Germany and encouraging signals from the wider eurozone.
The figures, for economic growth in the fourth quarter of last year, sent stock markets higher, despite lingering concerns about the potential impact of a showdown between Greece and its creditors over the country’s international bailout.
Cheaper oil, a weaker euro and a landmark sovereign bond-buying programme by the European Central Bank have stoked expectations that the eurozone will this year record its strongest annual growth since 2010.
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