A deep scary break has appeared in Europe after Brexit. The next European meeting will be between Merkel, Hollande and Junker. Italian PM Renzi has not been invited as in his own words “it’s natural they have a meeting without me, there is a deep break and I do not know if it is solvable”.
The deep break is that PM Renzi wants a fiscal stimulus to re engineer growth in Europe while Merkel and Hollande wants to continue the austerity paradigma.
It seems we are approaching the end as described in my 2013 blog: Europe DOA (dead on arrival) by 2020 (in essence I wrote the Euope will be broken not by the market crisus but by politics).
investorpolitico 