The copious government stimulus packages helped bring the eurozone's exchange traded funds (ETFs) back to life, but like many developed areas, it's time to tread carefully around monetary policy.
Governments of the European Union will need to reduce deficits and public debts that were incurred during the revitalization process of their economies, or the European Central Bank will raise interest rates, hampering the region's economic recovery, reports Paul Taylor for The New York Times.
The Bruegel research group proposed that the E.U. should recapitalize and restructure banks, cut budget deficits and tighten monetary policy - in that order.
Meanwhile, the recovery could be uneven and various countries tackle their problems in their own way:
Instead of picking individual countries if recovery will be uneven, a better way to invest in Europe may be through an ETF covering the region - this helps mitigate your risk.
Countries that use the euro sent their finance ministers to meet as the euro appreciated against the dollar, reducing gains that would have aided the region's economic recovery, writes Aoife White for The Associated Press. The eurozone's foreign exports dropped 23% in August year-over-year, the quickest drop this year.
The eurozone is projected to pull out of the recession in the third quarter. Rising unemployment is still a problem for the region.
updated Oct 26, 2009
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