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Friday, April 26, 2013

Euro zone sees light at end of tunnel, pitfalls remain

People pass by a clothes shop which will be closed with advertising banners reading 'We are closing, 30% on all' at Berlin's Kurfuerstendamm boulevardBy John O'Donnell BRUSSELS (Reuters) - There are no calls for celebration, no desire to relax in the corridors of Brussels but some officials believe the euro zone has turned a corner, sharpening the focus on longer-term reforms and structures. Despite a messy bailout of Cyprus, markets are calm, Ireland's rescue program is on track and Greece and Portugal, while still in recession, hope for a slow recovery next year. Slovenia's banks are a concern, but one that policymakers are confident they can deal with. ...



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