Thursday, August 13, 2009
Hope for the EU
France and Germany are showing signs of growth, prompting hopes that the EU will recover quicker than expected. Both countries saw growth of 0.3 percent from the previous three-month period, something that surprised most experts who believed that the economies would continue to fail. France's finance minister has credited their "cash for clunkers" program as one of the major reasons that the economy is starting to improve.