It’s over. Finally, the eurozone has exited the longest and worst recession since the Great Depression of the ’30s. But who should take the credit for ushering the 17-country bloc out of economic darkness?
Brussels was quick to claim victory. Olli Rehn, the EU’s economic chief and a strong advocate of tough austerity measures, said that tight budgetary rules imposed on member states by the European Commission had been pivotal to help the eurozone economy return to growth.