Hope in the Euro Zone: Crisis-Hit Countries May Have Turned the Corner

[sysop]

The euro zone's crisis-hit countries are becoming more competitive, according to a new German study. Wage costs are down, and the countries are reducing their trade imbalances. Painful reforms appear to be slowly bearing fruit, and the euro zone might even return to growth next year.

http://www.spiegel.de/international/...852813,00.html