Vladimír Urbánek (Kurzy.cz)
Markets  |  January 14, 2013 11:11:13

European leaders: Eurozone and the euro have the worst of the crisis is behind

European leaders at the weekend declared that the worst of the European debt crisis is past.
According to German Finance Minister Wolfgang Schaeubleho the euro from its worst crisis is over.
ECB President Mario Draghi said last Thursday that the euro area this year, get out of the recession and its economy grow again recognized.
The end of the European debt crisis also spoke Luxembourg Prime Minister Jean-Claude Juncker, who also added, however, its expression in the sense that the worst of the eurozone, while behind but what is further needed to be done, it remains difficult.

Euro strengthened last week by more than 3% against the dollar. Spanish government bond yields fell on Friday to a record 4.84% compared to 7.62% in July last year.

Risks for the euro area this year will be primarily debt problems of Cyprus and the upcoming elections in Italy.
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