We remain cautiously optimistic on euro-area growth but fear institutional issues could fail to provide a decisive impetus. First, the Eurogroup did not give a clear answer on a fiscal backstop for the ECB balance sheet assessment, which could undermine its efficacy and credibility, in our view. Second, the recovery in hard data continues to be weaker than suggested by soft leading indicators, and for the first time since June, confidence in Germany shows signs of weakness.

13.03 And here are the three winners of the Nobel prize for economics.

The take place September 5-8 and the Flower Festival runs October 5-13. The house is open daily until November 3; the grounds are free all year round. For more details, visitCross-country designer Capt Mark Phillips made significant changes to both the route and the 31 obstacles. He hoped seven would get inside the time, but only three did. Thirteen faulted or were eliminated early on at obstacles five and eight, angled fences which were set around the ditch at Discovery Valley.

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"It made me a better player. I played at Arsenal for eleven years and the warmth of the players, the staff and the fans ... I must have done something right. In Holland people always ask me about my team meaning Arsenal."