Betting on Europe for the Long Haul
The jury is still out on Europe's economic prospects. The recent agreement on Greece's debt, for which debt holders took a 50% haircut, was a big step forward.
But the road ahead is still filled with potential axel-breaking potholes, such as the heavy debt burden of Italy. The Wall Street Journal reports that the number of unemployed people in the 17-country eurozone hit a new record in September, and that HIS Global Insight is projecting eurozone countries "will flirt with recession in 2012 with projected growth slightly above zero."...596 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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