EZ stuck in a very low gear - Scotiabank

FXStreet (Guatemala) - Analysts at Scotiabank noted the euro zone is stuck in very low gear, with improving domestic spending in a number of countries continuing to be offset by recurring debt strains and long-standing competitiveness problems.

Key Quotes:

"Even the region's consistently strong performer, Germany, is beset by reduced exports to the slower-growing emerging market economies, and the fallout in industrial activity surrounding the VW emissions scandal. Settling the large number of migrants will provide a boost, albeit temporary, to government spending."