26.01.2016 - Europe well placed to weather the turmoil
There are many reasons to be concerned about the economic outlook for Europe. Risks are arising from political instability in Spain and Portugal, a looming standoff between Greece and its creditors, a possible British decision to quit the EU and fallout from the potential unravelling of Europe’s Schengen passport-free travel zone. But all signs point to this market slide — which began mysteriously on the last trading day of 2015 without any obvious news to trigger the rout — as having been a liquidity-driven event most likely sparked by a New Year change in investment strategy by a major, or several major, investors, perhaps a sovereign-wealth fund looking to liquidate assets to make up for budgetary shortfalls arising from low oil prices...............................................Full Article: Source
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