"The risks to the upswing are enormous," the head of the german institute for economic research (DIW) told "wirtschaftswoche". The current growth of the eurozone is strongly driven by germany, while in other countries unemployment will even increase and new problems with ailing banks are threatening.
"Unemployment figures were allowed to continue rising in many places until the end of 2014," said fratzscher. A major problem is the unclear situation of the banks. "There could be some unpleasant surprises in the upcoming valuation of banks by the european central bank (ECB)."Fratzscher also continues to see the danger of political crises, for example in italy and greece.
The euro countries had recently overcome the longest recession in their still young history. In the second quarter of this year, gross domestic product (GDP) in the euro-currency countries was 0.3 percent higher than in the first quarter. This was the first increase from one quarter to the next since the fall of 2011.