Europe’s negative energy chills investors

Europe is edging towards a fresh crisis, and that will hurt investors around the world including in Australia.

Apart from its magnetic appeal as a tourist destination, there is not much positive to be said about Europe. Still the sick man of the global economy, Europe is a growing threat to investors everywhere, even as far away as Australia.

Despite the benefit of super-low interest rates and direct central bank support, European economic growth remains anaemic, with France sliding towards a financial and political crisis that has the potential to engulf the region.

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