A split parliament would be the worst-case scenario.

Hiring intentions seem to have gone up a little bit and confidence is edging up. It's right to assume that the ECB will raise rates in March.

It shows quite clearly that Europe's benefiting from strong global demand, and there are now signs that maybe this is going to spill over into domestic demand.

Growth did dip in the fourth quarter, but all of the business surveys suggest it will bounce back quite strongly.