Euro pe­riph­ery ex­ports boost bloc’s sur­plus

Kathimerini English - - Front Page -

BRUS­SELS (Reuters) – The eu­ro­zone trade sur­plus widened in Novem­ber be­cause im­ports fell more sharply than ex­ports, al­though ship­ments from the south­ern pe­riph­ery rose in a sign that the bloc’s worst-hit economies are re­gain­ing com­pet­i­tive­ness. Ex­ports from Spain, Por­tu­gal and Greece were up by 4 per­cent in the Jan­uary to Novem­ber pe­riod, com­pared to a year ear­lier, data from the Euro­pean Union’s sta­tis­tics of­fice showed yes­ter­day, and cu­mu­la­tive trade deficits shrank in all three year-on-year. That adds to signs that those coun­tries which have strug­gled over the past few years to con­tain high debt lev­els via harsh aus­ter­ity mea­sures and to pull their economies out of re­ces­sion are start­ing to im­prove. “It is en­cour­ag­ing that Spain, Por­tu­gal and Greece achieved ex­port growth,

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