Growth forecast prompts hope for end to euro crisis

"Certainly no developed or even second-world country has ever pulled off a fiscal adjustment of the scale that the Greeks have managed.  But they don’t just need a surplus; they need a huge surplus in order to service their debt burden," said Simon Tilford of the CER.
...With political change in Italy - and green shoots of recovery in the eurozone - some EU politicians believe this is the beginning of the end of the euro crisis, says the CER's Simon Tilford. "I think there is a risk of complacency that a return to growth and relative calm on the financial markets is encouraging European policymakers to believe that they can get away without any significant institutional reforms of the Eurozone - i.e., without any pooling of risk or any fiscal mutualization,"" he said.