The euro area is in the midst of a cyclical upswing with growth forecast to be 2.0% for 2017 and with the end of the ECB’s QE programme in sight. On this basis, it might appear that the debt crisis is over. However…
![Europe’s dizzying debt dynamics](https://www.fathom-consulting.com/wp-content/uploads/2018/04/17_10_17_EA_Debt-Euro_Area_C_Debt.jpg)
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