When asked a few weeks ago what was my biggest short-term concern, I quickly replied, "European banks have the potential to create significant risk for the entire worldwide system." This week we will glance "over the pond" to see what gives me cause for concern. Then we briefly look at a few of the bumps I mentioned, which are likely to stretch out any recovery, and maybe even dip us back into recession.
http://www.investorsinsight.com/blogs/thoughts_from_the_frontline/archive/2009/07/17/europe-on-the-brink.aspx
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