Is that a faint glimmer light at the end of the European economic tunnel? Or is it just a bunch of conservative politicians brandishing torches and yelling: “Look, a light at the end of the tunnel”?
The “Light-At-The-End-Of-The-Tunnel” mantra is a vital part of conservative government strategy in depressed Portugal, Greece, Ireland and Spain (the European “periphery”).
Every skerrick of non-disastrous economic news gets boosted as proof of a coming resurrection ― and one more reason why people should forget about revolt in the streets or ballot box.