Gloomy Autumn in Store for Europe

Europe is about to experience a hectic start of the political season, with more problems on its hands than at any time in recent years. The euro area crisis created its own difficulties in 2009–13, but they came in waves: Ireland in 2009, Greece in 2010, Portugal in 2011, Spain in 2012, and Cyprus in 2013. The immigration explosion of 2014 and 2015 further tested the resilience of European institutions. Fall 2016, however, comes with three major challenges at once: the aftermath of the Brexit vo

Source: Peterson Institute (PIIE)