The Year The Eurozone Got Back On Track

Once again, the Eurozone showed its potential in 2017: it had a healthy, sustainable growth and exceeded everyone’s expectations. Manufacturing and industry are boosting this growth, along with a growing external demand. The reforms implemented due to the crisis are paying off, and the recent labor reforms seem promising. Although the ECB’s inflation target has not been reached, inflation continues to rise. Credit to households is the only driving force since credit to government and companies is falling behind, even though it is not weakening the economic growth. There are no signs of liquidity problems or signs of a financial crisis. 2018 is thought to be a decisive year for the ECB’s QE policy, the end of Greece’s bail-out, and the beginning of new debates such as the banking union.