Recovery of Euro Zone

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 Recent optimism in Europe says that economy of Euro Zone turns on right way, but situation is still fragile. By many accounts, the euro zone has been rebounding from a wrenching double-dip recession that began in 2008 after the fall of Lehman Brothers. Financial markets have been in a celebratory mood, driving down borrowing costs for even the most troubled economies in recent months, while politicians have declared the worst of the crisis is over. But the uneven nature of the recovery — between a group of strong countries in the north and a larger swath of weak nations in the southern rim — has made it difficult for the overall economy to gain momentum.  The differences at the country level are stark. While Germany’s economy is chugging along at a decent clip, expanding by 0.8 percent in the first quarter, France slipped back into stagnation in the quarter. And Italy, Portugal and Greece shrank yet again. Of the 18 European Union member countries that use the euro, only Germany and, to a lesser extent, France have returned to precrisis levels of growth. The United States, despite a spotty recovery, hit that marker in 2011. As the crisis and government-imposed austerity measures have sapped the Italian economy. Many had worked with her for decades but have now joined the growing number of people she knows who are without jobs. Unemployment in Italy, the euro zone’s third-largest economy, has risen to 13 percent, higher than the euro zone’s overall level of about 12 percent.

The question is, What’s Europe’s future for the 21st century? Will they still be able to grow and compete with Asia and more dynamic regions?Surprisingly after years of foreign economical domination and resistance, answer might be yes - finally Europe can be ready for expansion of any markets all over the world - in Asia, in Africa and even in America.