Those who still have a fresh memory of the Euro Area’s darkest moments can finally relax. The gloomiest days with negative growth rates and mounting unemployment are behind us. According to the latest figures, there were 226,000 fewer unemployed workers in March 2016, compared to February. Yet it is too early for Eurozone economists to rejoice. Caution is needed along three main fronts: growth, divergences in the real economy, and inflation.