Economic Recovery, Euro-Style: This Could Be as Good as It Gets

Continent-wide numbers the ECB uses to set interest rates mask a geographically divided economy: while Germany and its northern neighbors deliver prosperity, post-traumatic stress stalks the south.

Photographer: Angel Navarrete/Bloomberg

Europe’s economy has been hit so hard by five years of crisis that 1.6 percent growth makes Germany look like a powerhouse and Spain can boast of being a job-creating machine with 23 percent unemployment.

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