the health of the european single currency and the economies that belong to it i'm joined by holger schmieding chief economist at berenberg bank sometimes in london sometimes here in berlin today you're here berlin good to have you with us so let's just pick up on what we heard in the end i mean the european central bank warns that the euro is not out of the woods just yet if i came to you as a customer and i would ask you for a risk assessment for euro zone economies what would that be like i would say that the euro zone economy is probably in better shape and the japanese the british the u.s. economy among the major regions in the developed world the euro zone are actually looks best it's on the right track we still have significant unemployment but it's falling fast we still have some banking issues in italy but even there non-performing loans are finally being tackled and declining we have pretty strong growth now in the entire area from greece to ireland so we are making a lot of progress as what makes the eurozone economies better than the japanese for example or the others that you ment

the health of the european single currency and the economies that belong to it i'm joined by holger schmieding chief economist at berenberg bank sometimes in london sometimes here in berlin today you're here berlin good to have you with us so let's just pick up on what we heard in the end i mean the european central bank warns that the euro is not out of the woods just yet if i came to you as a customer and i would ask you for a risk assessment for euro zone economies what would that be like ah i would say that the eurozone economy is probably in better shape and the japanese the british the u.s. economy among the major regions in the developed world the euro going to be actually looks best it's on the right track we still have significant unemployment but it's fourteen fast we still have some banking issues in italy but even there non-performing loans are finally being tackled and declining we have pretty strong growth now in the entire area from greece to ireland so we are making a lot of progress as what makes the eurozone economies better than the japanese for example or the others that yo