Fitch Ratings said on Monday that it expects the Eurozone's economy to expand around 1.6% in 2015-2017, driven by a weaker euro, low oil prices, rising confidence, ultra-loose monetary policy and improved credit conditions. The agency added that high debt and structural weaknesses will weigh on the recovery.

Fitch noted that medium-term growth prospects for the economic growth in the Eurozone "are generally weak".