Eurozone growth: Tugs of war

There are two tugs of war in the European economy. There is the tussle between strong current data and weaker indicators of future activity. And there is the struggle between Nicolas Sarkozy, the new French president, and Jean-Claude Trichet, president of the European Central Bank. It’s too early to say which way the economy will fall. The eurozone grew at a remarkably fast 3% in the first quarter. Germany is doing especially well, with 3.6% growth and the lowest unemployment rate in 12 years. ...