Europe's uneven growth challenge

According to this article on the Project Syndicate website, growth has become less evenly balanced throughout the eurozone with the resurgence in German growth.

A "silent revolution" allowed Germany to accomplish this feat by dramatically re-structuring its corporate sector, the article says.

However, superior German economic performance has bid up the euro and European interest rates to levels that, while comfortable for the Germans, put pressure on the eurozone's laggards, it says.

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