The Continent Breaks Into A Run

Can the growth spurt in Europe last?

Heinz Greiffenberger can hardly believe it's true. Sales at his north Bavaria machine and gear company, about $100 million a year, had been seesawing as Europe struggled to break out of the recession that hit in 1992. But he forecasts that after falling 7% in 1996, sales will soar this year by up to 15%. Other German Mittelstand companies also expect to perform better in 1997. "There's a new, more optimistic attitude," says Greiffenberger.

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