Germany is hitting negative sovereign yields, while Spanish regions and banks seek financial assistance from their parent country, which needs a bailout of its own.
Europe is currently trying quick fixes, but the continent will need to make major structural reforms in order to solve the sovereign debt crisis, says Artio's Rudolph-Riad Younes.
The slowing German and French economies have escalated eurozone recessionary fears, and investors should have no holdings in European debt and equity, says TCW's Komal Sri-Kumar.
A slowdown in Asia could cause an even further drag on core Europe, especially export-dependent Germany, warns BlackRock's James Bristow.
©2012 Morningstar Advisor. All right reserved.