Europe’s high-wire act

The financial markets are not as nervous as they once were, but political divisions could undermine the progress that has been made

A note of surrealism suffuses the European political economy. Despite a lack of decisive action to tackle unresolved political and economic threats, financial markets have cast off the extreme nervousness that was their habitual garb just a few months ago. But is this inducing a dangerous complacency among government leaders? 

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