#Europe: #Eurozone factories post ‘meagre’ growth in activity in January

Manufacturing firms cut prices in January at the steepest rate since mid-2013

Euro zone factory activity grew slightly last month as companies kept cutting prices, but a weakened currency did little to help drive new orders from abroad.

 

Euro zone factory activity grew slightly last month as companies kept cutting prices, but a weakened currency did little to help drive new orders from abroad, a survey showed on Monday... (read more)

EXTERNAL EXPANSION LTD.; www.externalexpansion.net

#Eurozone needs to escape cycle of #creditbooms

Opinion: we need to escape from this apparently relentless cycle

The People’s Bank of China headquarters in Beijing. Photograph: Petar Kujundzic/Reuters

Huge expansions in credit followed by crises and attempts to manage the aftermath have become a feature of the world economy. Today the US and Britain may be escaping from the crises that hit seven years ago. But the euro zone is mired in post-crisis stagnation and China is struggling with the debt it built up in its attempt to offset the loss of export earnings after the crisis hit in 2008... (Read more)

External Expansion, www.externalexpansion.net,

#Europe: #Germany just escapes recession, #France beats low expectations

Europe’s largest economy eked out 0.1 per cent growth from the previous three months

Germany has narrowly avoided recession in the third quarter of the year. Photo: Bloomberg

Germany narrowly avoided recession in the third quarter of the year and France exceeded low expectations, putting the euro zone on course for anaemic growth but no contraction... (Read more)

External Expansion, www.externalexpansion.net,