The Wall Street Journal: "Hard as it is to believe, the eurozone is looking up. Investors who have written off the single-currency bloc as a growth-free zone should think again."
"Consumers, not businesses, hold the key for now. Consumer confidence has reached an eight-year high, according to a European Commission survey. Even in France and Italy, where economic growth has been stagnant, consumers are feeling more upbeat. In Germany, domestic demand is the biggest driver of growth: spending by households rose 0.8% in the fourth quarter versus the third, and by 1.7% on the year. The tight German labor market suggests that further gains could be on the cards: real household income growth in 2015 may hit 3.5%, its fastest pace since 1991, according to Oxford Economics..."