Economic Reforms in the Eurozone

Growth figures for the second quarter in the eurozone are disappointing but countries that have enacted reforms are performing better. Spain for instance enacted financial and employment reforms and growth turned positive in the third quarter of 2013. Ireland enacted reforms as well and is now one of the top performers in the eurozone with consumer confidence growing and unemployment on a downward trend. Countries in the eurozone that have been slow to reform, such as Italy, are still paying the price. The country is in the midst of a triple dip recession with public debt reaching a new peak.

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