FEP - The EU Elections Portend A Full-Blown European Crisis
The Trump administration would be making a grave mistake to gloss over the major political setbacks for the United Kingdom, Italy and Germany in last Sunday's European parliamentary elections.
This is especially true given that the world economic recovery is threatened by worsening U.S.-China trade relations, heightened geopolitical tensions in the Persian Gulf and deepening exchange rate crises in Argentina and Turkey. A full-blown European economic crisis is the last thing that a troubled world economy now needs.
Before the European parliamentary elections, there was already a good chance of a European economic crisis. After