With the Eurozone still struggling to recover, Patricia
White, of Legis Fund Services, outlines how Guernsey continues to
grow.
Economic sustainability in the Eurozone continues to affect the
lives of millions of people on the continent. As uncertainty
continues, and the wounds threaten to deepen for the single
currency, the pain is being felt in the UK as well.
The European Commission stated in February that its economic and
business confidence indicator in the 17 countries using the euro
had improved for the fourth straight month, as industrial orders
rose. However, the European economy appears to be slowing further;
recent private-sector data raises the possibility of the recession
deepening, while the crisis in Cyprus further undermines faith in
the future of currency union.
