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At best, the continent should expect stagnation, at worst a bond-market rout
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It has moderated, but offers little hope of growth-boosting reform

Europe’s economy will be challenged by inward-looking America, competitive China, aggressive Russia—and a surging hard right that…

Apocalyptic warnings by mainstream politicians are doomed to fail

Even if there is plenty that could yet kill it

The continent has gone soft in the heat of crisis

Politicians, particularly in Europe, are in a terrible bind