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Tentative signs of an economic recovery in some of the European states most devastated by the Eurozone crisis appeared to be emerging in the latter stages of the first quarter of this year, according to Goldman Sachs.

Spain and Portugal, two countries that have teetered on the brink of economic collapse for an extended period of time, showed resurgent container and air cargo figures, albeit experiencing growth from hitherto unplumbed depths, which have led analysts to postulate that the region may ...

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