EUROPE: The relentless flow of pre-holiday good news continues as France returns to growth, as a survey suggests that “optimism” among industrial firms has risen to its highest level for over a year. This time it’s France’s Finance Minister, Pierre Moscovici who has declared that “the recession is over”. Spain sees its slump easing, with the good news that in Q2, its economy shrank by only 0.1%! Ireland’s residential property prices have posted their first annual rise since 2008. Tomorrow the United Kingdom’s GDP figure will, no doubt be “higher than expected”……….Those elusive (and sometimes imaginary) green shoots of recovery are springing up everywhere! When we’re all back from our hols, the politicians’ only worry is to keep the economic pot simmering until Christmas. Then we can start again.