Europe's most promising sectors

ON EUROPE

The euro debt crisis rumbles on. There have been many EU summits and there will be many more to come as the increasingly different factions within the EU argue over the levels of bailouts, the forms that they can take and the level of austerity required to secure assistance.

Each EU summit has been greeted with optimism and been followed by disappointment, to varying degrees. It does seem that EU leaders are increasingly agreed on where they want to end up, with fiscal union key, but there are still issues about how we get there and how fast.  There remains a risk that Greece exits the euro and that risk is probably as high now as it has ever been, but our central case sees Greece staying in and the euro surviving. But, let’s not look only within Europe. Fears of a hard landing in China continue and the world is watching the US carefully for signs of how ...