Europe gets new boost as economic confidence surges

[dtotire]

Europe gets new boost as economic confidence surges
LAURENT THOMET
July 30, 2010 - 1:54AM

A surge in confidence in Europe's economy fuelled hope Thursday that the region is finally overcoming its financial troubles just days after European banks largely survived a crash test.

The Economic Sentiment Indicator produced by the European Commission soared in July to its highest level in more than two years, driven by eurozone powerhouse Germany, improved order books and optimism among consumers.

"July's sharper-than-expected increase in economic sentiment will further allay fears of a near-term double dip recession in the Eurozone and may give fresh support to the euro," Dutch banking group ING said in a note.

more:
http://news.smh.com.au/breaking-news-world/europe-gets-new-boost-as-economic-confidence-surges-20100730-10y9s.html

[DavidDvorkin]

1. They've been destroyed by socialism

Or so I've heard.