Europe/Middle East

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  • Italy's defiant stance against Brussels could become destabilizing.

    Gauging the EU's Risk of Losing Italy

    In the aftermath of the Brexit tensions, Italy is defying Brussels to bail out troubled banks and preparing for constitutional referendum in October. If Prime Minister Matteo Renzi fails to achieve adequate support, economic destabilization will shift from the UK to Italy – which could pave way to the rise of anti-establishment left or right.

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  • Switzerland gets EU benefits without euro headaches.

    Swiss Resiliency is Legendary

    Despite Europe’s crisis turmoil, the Swiss growth engine seems even more resilient than before – perhaps not least because it has embraced the European Union, but not the euro.

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  • Lifting 20m people out of poverty is a hefty EU proposition.

    The EU Poverty Bar is Moving Higher

    Brexit caps off a turbulent decade for the EU. Many in the Eurozone will be hoping that it does not cause further economic turmoil, as it is becoming increasingly clear that the financial crisis of 2008-09 led to a substantial increase in poverty across the continent.

    Not only did poverty intensify within those nations that were hardest hit during the crisis and required bailouts, but there has also been a dramatic change in the geography and types of poverty in Europe over the last decade.

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