If You Think Europe Is Fine, Look at Italy
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Aug. 7 (Bloomberg) -- It has become fashionable not toworry about Europe and the euro area. This complacency has aserious flaw: Italy.
Optimists argue that Europe is on the mend. The centralbank is maintaining stimulus, Germany’s export potential remainslarge, and France will continue to be a haven for investors.Struggling countries such as Greece and Portugal represent lessthan a 10th of the euro area’s economic output and population.