Data brighten prospects for German, eurozone recovery
- Published: 25 Jan 2013 at 22.45
- Online news: World
The eurozone may finally be emerging from its crisis, data showed Friday, with banks rushing to repay emergency funding and confidence in Germany on a seemingly unstoppable upwards trajectory.
A giant symbol of the Euro currency stands in front of the European Central Bank (ECB) in Frankfurt on October 9, 2012. The eurozone may finally be emerging from its crisis, data showed, with banks rushing to repay emergency funding and confidence in Germany on a seemingly unstoppable upwards trajectory.
The embattled euro ended the week on a high note, rising to well above $1.34 after the European Central Bank said the region's banks are starting to pay back ahead of time loans taken out a year ago to avert a looming credit crunch in the single currency area.
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