By most economic measures, Europe is still ailing. The euro zone remains in its longest recession since the introduction of the single currency in 1999, and many EU member nations continue to struggle under the weight of the ongoing sovereign debt crisis. But in an interview with The Financialist, Credit Suisse Chief Economist Neal Soss offers reasons to be optimistic about the continent, including Spain, which suffered a severe economic downturn. In fact, Soss thinks a number of the EU’s peripheral countries could see economic growth resume later this year or next. Among the factors that could help usher in a long-awaited European resurgence: a continuing shift away from fiscal austerity, the European Central Bank’s demonstrated commitment to supporting the euro, and favorable import/export balances in peripheral countries such as Spain.