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What the Europe Economy Looks Like From Madrid

Pedro Jareno, co-founder of the Minube company in Madrid, Spain. In the offices of Minube, an internet travel agency startup in the outskirts of Madrid, something unusual is happening; they're hiring.

End of the Darks Days in Eurozone


After six quarters of a debilitating recession that has seen unemployment surge to record highs and public services being cut, the eurozone seems on the cusp of recovery.

Eurostat, the European Union's statistics office, said the 17 EU countries that use the euro saw their collective economic output increase by 0.3 percent in the April to June period from the previous quarter.

That's the first quarterly growth since the eurozone slipped into recession in the last three months of 2011. The ensuing recession of six quarters was the longest since the euro currency was launched in 1999.

Reporting by the Associated Press.