After a multi-year period of recovery from the 2008 financial crisis, Europe’s economy is finally on the road to expansion. In 2016, Eurozone GDP has returned to above its pre-crisis peak, domestic demand is strong, and employment is growing. The European Central Bank is trying to keep the momentum going with a March interest rate cut and increases in asset purchases. And yet the continent’s equities are sputtering. As of early May, the MSCI European Economic and Monetary...
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