Summary — Investors at the Gates Europe is under fire. One by one, the markets are forcing highly-indebted nations’ hands, making the politicians decide what they will do to rescue the structure and future of the Euro monetary union. While this statement sounds exaggerated, we believe the markets a…
Morningstar director of economic analysis Bob Johnson addresses recent sluggishness in the economy and makes the case for better growth in the second half of the year.
While liquidity may provide temporary relief, only debt reduction--and a creditor haircut--will put Europe back on the road to growth, says TCW's Komal Sri-Kumar.