Europe Muddle Thickens as Doubts Persist Leaders Can Stem Crisis – Bloomberg 06-18-12

Salient to Investors:

The Greek election bought Europe time without fixing the cleavages between the northern and southern Greek economies.

Professor Niels Thygesen identifies eight clashes in economic philosophy between Germany and France.

Predictions:

Professor Paul de Grauwe expects Merkel to remain an incrementalist, temporarily pacifying markets until it is clear it is not going to be sufficient.

Read the full article at http://www.bloomberg.com/news/2012-06-18/europe-muddle-thickens-as-doubts-persist-leaders-can-stem-crisis.html