Stark reminder that we're not out of the woods yet
Published 12/07/2014 | 02:30
IT hasn't gone away, you know. We have been slowly getting used to hearing good news in this country but the eurozone remains vulnerable to a shock and still has the ability to send the global economy into a tailspin.
The crisis in one of Portugal's oldest and biggest banks was a dramatic reminder that economic uncertainty can flare up at any moment and destabilise the world stock markets.
There are also long-term problems such as low growth that require solutions. Poor figures from France and Germany earlier in the week highlighted once again that the eurozone's recovery is faltering at best.