The Policy Wildcard of European Assets

Europe is dead. Europe is cured. Europe is on a very lengthy path to “recovery.” If European risk assets are anything to go by in recent months, tangible progress in fixing Europe’s debt problem has been made and perhaps the mantra of “long live Europe” is more appropriate. The economic health of the Eurozone as a whole has arguably been upwards since late 2012 with the MSCI Europe Index up close to 15% over the past year alone. Of course, much of the upward re-pricing of European stoc...