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OPINION

Europe's cheapest markets

Europe's cheapest markets
June 20, 2014
Europe's cheapest markets

The eurozone economy has also picked up since Mr Draghi's reassurance. Having been mired in recession until early 2013, it has now grown for four quarters in a row. Even some of its worst-affected member states such as Spain have seemingly turned a corner. The Spanish economy has now expanded for three quarters on the trot, and at a quickening pace. Having been widely billed as likely to default on its debts back in 2012, that nation is now able to borrow money more cheaply than the mighty US.

1. Euro comeback (US$)

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