by Thomas Cooley, Kellie Forrester, and Peter Rupert
The latest release from Eurostat of GDP for the fourth quarter of 2013 showed the Euro Area GDP up by 0.3% and the EU28 up by .4%. This is encouraging news for a continent that has been battered by the Financial Crisis and a debt crisis for six years now. It may well be that they can escape the possibility of a decade of economic decline that we discussed in the last post (here). Real GDP increased slightly in the major economies with the strongest upward trend appearing to be in the U.K. Even some of the small, worst performing, economies where the crisis has been felt most acutely show very slight signs of a turnaround. But that is the optimistic view. A more realistic view would argue that the slight upward ticks in France, Spain, the Netherlands and Italy…
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Utopia, you are standing in it! 
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