Thursday 24 August 2017

Stark reminder that we're not out of the woods yet

A demonstrator holds a banner near Portuguese parliament during a protest
A demonstrator holds a banner near Portuguese parliament during a protest
Thomas Molloy

Thomas Molloy

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.

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