Growth: third time lucky?

12.01.2006 / 00:00 CET

For the third time in three years the euro-area economy is picking up steam. But will this recovery take root? Or will the expansion peter out once again? If it fails, this time it will leave behind not just disappointment, but a real fear that Europe is incapable of meeting the intensifying competitive challenges it now faces from the integration of China and India into a fast-changing world economy.

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