The euro area economy grew by 0.4 per cent in the 1Q2015. This is why: the credit deflation has probably ended.
It does not mean, however, that a boom similar to that of 2003-2008 would follow any time soon:
Europe has come to the era of slow growth and that's unlikely to change in any foreseeable future. (The foreseeable future means decades in this case. Sorry, Europe.)
A white male with some professional experience in finance and investing.