Review by Ferdinando Giugliano

Nearly five years on from the start of the eurozone crisis, even its most strenuous critics have to admit that things are looking better for the currency union. Bond yields in troubled countries have fallen sharply from the levels reached in 2011. True, public debt is still rising and unemployment, particularly among the under-30s, is still worryingly high. But as the recovery gathers pace, the hope is that the fiscal outlook will improve and companies will resume hiring.

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