| The economy of the countries using the euro have emerged from recession. Across the 16 European Union countries, output grew by 0.4% in the third quarter of this year. Figures showed that Italy and the Netherlands were no longer in recession, but the economies of Greece and Spain were still contracting. Nigel Cassidy reports from Brussels. It's proving to be a recovery led by exports and that’s surprising given that the euro remains so strong against the dollar, making European goods expensive overseas. Companies in Germany seem to be among the best performers. High-end specialist goods are starting to sell again, while cheaper goods from Southern Europe often can't compete against lower-cost Asian imports. In the shops, retail sales have risen slightly, but unemployment is still rising and will do for many months to come. |
| The economy of the countries using the euro have emerged from recession. Across the 16 European Union countries, output grew by 0. 4 in the third quarter of this year. Figures showed that Italy and the Netherlands were no longer in recession, but the economies of Greece and Spain were still contracting. Nigel Cassidy reports from Brussels. It' s proving to be a recovery led by exports and that' s surprising given that the euro remains so strong against the dollar, making European goods expensive overseas. Companies in Germany seem to be among the best performers. Highend specialist goods are starting to sell again, while cheaper goods from Southern Europe often can' t compete against lowercost Asian imports. In the shops, retail sales have risen slightly, but unemployment is still rising and will do for many months to come. |
| The economy of the countries using the euro have emerged from recession. Across the 16 European Union countries, output grew by 0. 4 in the third quarter of this year. Figures showed that Italy and the Netherlands were no longer in recession, but the economies of Greece and Spain were still contracting. Nigel Cassidy reports from Brussels. It' s proving to be a recovery led by exports and that' s surprising given that the euro remains so strong against the dollar, making European goods expensive overseas. Companies in Germany seem to be among the best performers. Highend specialist goods are starting to sell again, while cheaper goods from Southern Europe often can' t compete against lowercost Asian imports. In the shops, retail sales have risen slightly, but unemployment is still rising and will do for many months to come. |
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