The financial-market tumult that has plagued the euro area for more than three years may be ebbing.
The CHART OF THE DAY shows the number references to “euro” and “crisis” within three words of each other in Bloomberg News stories since the Greek-led turmoil began in late
2009. The most recent day for which data is available shows that pattern appearing 100 times.
That compares with a median of 314 and a high of 758 on Dec. 8, 2011, the day of a European summit meeting.
“The worst probably is over, but what we still have to do is difficult,” Luxembourg Prime Minister Jean-Claude Juncker, who has been head of the group of euro-area finance ministers since 2005, said Jan. 10.
European Central Bank President Mario Draghi said the same day that “we are now back in a normal situation from a financial viewpoint.”
There have been false dawns before. References to euro and crisis declined in early 2012 before surging anew to more than 700 in June.