Europe’s Creeping Comeback Paying Off as Pain Gains Spur Exports

Europe’s Creeping Comeback Paying Off as Pain Gains Spur Exports

Mario Proenca/Bloomberg

A November study by Berenberg Bank and the Lisbon Council found inflation-adjusted labor costs fell 7.4 percent from 2009 to 2012 in Spain, 12 percent in Greece, 9.9 percent in Ireland and 7.9 percent in Portugal.