Surprising news that France and Germany grew in the second quarter has reinforced talk that countries that avoided consumer debt and depended less on the financial sector will emerge from recession sooner.
France and German made a sharp turnaround from the previous quarter, when Germany shrank by a massive 3.5% and France contracted by 1.3%.
Fiscal stimulus measures and the beginnings of an improvement in global trade were the main reasons identified by most economists.
Europe's two biggest economies each saw growth of 0.3% from the previous three-month period, technically ending their worst recession in decades.
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