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France and Germany boost European stocks
T

he euro zone's economy shrank in the second quarter, but European stocks got a minor boost on Tuesday from France and Germany, which reported better-than-expected economic growth figures. France's economy didn't budge, but economists had expected it to contract by 0.1 percent. Germany, which grew by 0.3 percent, has been credited with keeping Europe's crippling debt problems from dragging the entire region into a recession. Still, says Jonathan Loynes of Capital Economics, "the big picture is that the economic growth required to bring the region's debt crisis to an end is still nowhere in sight."

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