Summer crunch loses its bite

How have Tim McCarron's Senate Conference observations on Europe played out after the turbulent summer of crunch and crisis? And how have views changed now the volatility has subsided?

When I spoke at the Senate Investment Conference in June, I outlined one or two significant economic observations and highlighted three themes in the European equity market. At that time, the sub-prime squall was visible to some on the horizon, but markets across Europe remained at, or close to, their highest points since the early 2000s. Since then, with many having dropped double-digit percentage points, most are now reaching those highs again. How have my themes played out in this turbulent summer, and has the emergence of the credit issue changed my view of the prospects for the Europea...