Eurozone faces “intractable” problems, says BarCap economist
Eurozone faces stunning economic and financial challenges, says Julian Callow, chief European economist at Barclays Capital.
The Eurozone faces major hurdles if it is to recover from a decade of leverage-driven growth and the financial crisis that followed it, says Julian Callow, chief European economist at Barclays Capital in London.
Gross domestic product (GDP) growth in the currency zone reached only 0.3% (quarter-on-quarter) in the third quarter of 2010, according to official figures released by Eurostat this month. That compares poorly with US growth of 0.6% and Japanese growth of 0.7%, while the 27 countries of
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