Europe’s Economic Recovery Is Accelerating

The Economist writes:

Today, Greece is the only European country that has yet to reach the recovery stage, according to the study. But markets seem optimistic this will soon change. On July 25th Greece’s government successfully sold €3bn ($3.5bn) in five-year bonds. Investor demand drove down yields on the securities to just 4.6%. The bond issue was so oversubscribed that the Greek government could have borrowed €6.5bn, more than twice their desired amount.