Europe has a bigger combined economy than the US and we've been economic partners for decades. If things don't turnaround in Europe, the US revival will certainly falter.
Our chief investment strategist, Keith Fitz-Gerald, just got back from "across the pond" and answered some questions about the risks and opportunities unfolding in Europe right now.
He also brought back some great inflation-beating, solid income stocks...
eurozone definition
Article Index
Eurozone Risks Don't Rule Out These Solid Income Opportunities
The Eurozone Hangs On By a Whisker
Four days after the Italian elections, only one thing is really clear: A majority of Italian voters have rejected austerity.
The problem is, their victory came up short by the slimmest of margins.
0.36%.
That's the difference between a firm new government that could move Italy out of the Eurozone and the constitutional logjam Italian voters woke up to the next day.
Here’s why that's likely bad news for us all...
The Eurozone Crisis is Far From Over
The Greek election last weekend has brought us a brief reprieve. The nation and the Eurozone have stepped back from the brink.
But the larger truth is that little has changed.
Yes, the Eurozone has survived its latest test, yet there is little indication where it will go from here. Considerable continental support for the common currency remains, and EU officials will soon introduce initiatives to consolidate banking and financial policy in the European Union.
Still, the problems keep mounting, and there is very little resolve to fix them.
At this point, a lot of actions (or lack of actions) could still upset the entire apple cart.
But the larger truth is that little has changed.
Yes, the Eurozone has survived its latest test, yet there is little indication where it will go from here. Considerable continental support for the common currency remains, and EU officials will soon introduce initiatives to consolidate banking and financial policy in the European Union.
Still, the problems keep mounting, and there is very little resolve to fix them.
At this point, a lot of actions (or lack of actions) could still upset the entire apple cart.
To continue reading please, click here...
- FACEBOOK COMMENTS