Eurozone on the way to recovery (or simply because Chancellor was reelected)?

Ateneo Professor on Entrepreneurship

The German Channel D W yesterday announced that Eurozone is on the way to recovery.  However, all that was featured were scenes from Germany:  the forthcoming Octoberfest and Germans in the major cities.  Of course, the face of the German Chancellor Merkel who was reelected was shown.  Maybe the reelection sent signals of stability and continued support of Germany to the Euro and the Eurozone.  That is how much leadership can send calming effect on markets and economy.

That news, although somewhat a PR news and overly positive was certainly made to put positive note on the economy and inspire the rest of Europe