Europe's Q2 Earnings: Not Terrible

Things aren’t as bad in Europe as many believe. It looks as if the continent is finally pulling itself out of the economic slump that has engulfed the region since the financial crisis. George Soros: European Union On Verge Of Total Collapse Data out today showed the euro area economy continued to hold its growth momentum in August. A composite Purchasing Managers Index for the 19-nation region posted its strongest expansion in seven months. Meanwhile, earlier in August the second estimate of GDP across the Eurozone confirmed that growth for the quarter was 0.3%, down from the 0.6% reported in…