Euro crisis fears ease


DAVOS: There is a palpable sense of hope at the annual Davos World Economic Forum that the eurozone is pulling back from the brink of catastrophe but business leaders are equally worried that Europe’s woes will hold back a global recovery.

A growth strategy is the missing ingredient in the policy cocktail that eurozone leaders are mixing to save the currency bloc from breakup. Without economic recovery, reelection will be tough for presidents in Europe and beyond this year.

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