To the improving economic situation on mainland Europe and in Britain. The eurozone has finally emerged from recession and British economic growth has been up-graded for the second quarter. It appears that the four-year-long recession could finally be coming to an end. Locally, the Balearic government should start growing next year, even earlier if we have a good holiday season. There are important lessons to be learnt from this recession and ones which we should never forget.

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