EU tries rebooting the economy

Singapore

THE recent freefall of the euro, untethered from the Swiss franc, underscored the dire straits of European economies mired in stagnation despite strenuous efforts for revival.

Over the four-year period from 2011 to 2014, the US economy grew 8.4 per cent, overshadowing the eurozone's 1.3 per cent, weighed down by contraction in 2012 and 2013. The hithert…