Quotes from Capital Economics:
-February's small rise in the euro-zone composite PMI provides some reassurance that the region's recovery may have continued in the first quarter of 2015 despite the ongoing crisis in Greece. The increase to 53.5, from 52.6 in January, was the third increase in a row and left the headline index at its highest level since July.
-Looking ahead, the persistent weakness of the euro and the launch of ECB QE next month should help to support a continued slow recovery. But with negotiations over Greece's bailout going down to the wire and the chances of a Greek euro exit rising, there is a clear risk that any improvement is short-lived.
