What is your outlook for the eurozone
First of all, I think it’s extremely important that the sparring between politicians and the European Central Bank ECB has turned quite positive. That was not the case in the past three years. They made many mistakes in how to deal with the situation and how to communicate. This has improved a lot.
And the steps that they have taken during the past few months have helped calm fears and shrink tail risks. In particular the very important speech by Mario Draghi the president of the ECB, in which he made a strong call about the irreversibility of the euro,...