My updated European macro outlook for 2013 is positive

Summary: Despite the grandiose title of this post, I intend to keep my comments brief. Having had a few days to digest the news without having to write, I come back somewhat more optimistic about the European economy. I wouldn't call myself a bull but I see the global upswing continuing through 2013 and into 2014. Below are some notes on specifics.
My recovery call is - if anything - looking too cautious. For about the last three months, I have been saying that Europe was moving toward recovery...


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