EUROPE COMPASS WEEKLY UPDATE FEBRUARY 4, 2013 Our Europe Compass weekly email presents analytical insights on the events of the past week and an assessment of likely developments within the region. If you're not already subscribed, sign up for free . Our Europe team also produces the Oxford Analytica Europe Daily Brief and engages in a range of advisory projects for our clients. On our website now, you can listen to our recent client conference call The United Kingdom and the EU: Parting of the Ways? and download our briefing book Today's European Crisis , produced for a breakfast roundtable in London. Balancing Bulls and Bears The main theme of news reporting on the euro-area economy is that the worst of the crisis has passed. This theme has been fuelled by a series of data released last week: Unemployment is still high and large numbers of firms are continuing to go bankrupt (the illustration here is for Belgium and is only available in Dutch, but the pattern holds el
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