Why I am relatively upbeat about Europe

I continue to anticipate a recovery in Europe in the second half of this year. The manufacturing PMI data that were released this morning suggest we could be in recovery before the end of the quarter. This makes me relatively upbeat about the medium-term. However, problems remain.
Two weeks ago I penned a post highlighting some thoughts on Europe, most of them positive. The lead-in was that European policy makers - who I believe are more committed to the European Project than most Americans - had ever more incentive to keep the euro zone together with the revelation of a hegemonic US spying on everyone. Acting as an American economic counterweight is an important animus in the face of some difficult economic circumstances. The overall gist of the post was that the data suggested a trend t...

As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.

Click here to join. Your readership is greatly appreciated!

Registered users can log in by entering details here or below.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More