Differences in economic performance across Member States ... The single currency reflects a large number of factors, both at the area-wide and at the national level, and is therefore a joint responsibility of all Member States and of all policy areas.
Looking at developments by major region, the U.S. economy has continued to recover firmly, mainly in household spending, owing to a steady improvement in the employment and income situation. As for the outlook, the economy is expected to continue to see firm growth driven by domestic private demand.