Is the euro crisis finally over?

The eurozone crisis may have simmered down for the moment, but don't write off a flare-up.

The euro crisis may look like a tiny dot in the rear view mirror for the moment, but it could return at any time. Right now, confidence in the troubled countries is growing as the recovery continues.

Greece, which only two years ago imposed huge losses on creditors through the biggest debt restructuring on record, managed to sell five-year bonds at a yield of under 5% last month. Its ten-year government bond yields are under 10% from almost 50% in 2012.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.