The country, which represents the "S" in "PIIGS," a term coined as a catch-all for Europe's most troubled economies, is growing at its fastest pace in seven years—3.1 percent in the second quarter. Of the other PIIGS—Portugal, Italy, Ireland and Greece—only Ireland is growing faster.
Watch the interview of Christian Schulz, Senior Economist, Berenberg Bank with Menaka Doshi on CNBC-TV18. He spoke about euro's reaction to Mario Draghi's statement and the outlook of eurozone going forward.
Christian Schulz, senior economist, Berenberg Bank explains to CNBC-TV18 that the next lot of bad news could come from the countries in northern Europe on sentiments of being short-changed in the effort to rescue the economies in southern Europe.