(1) Eurozone stocks remain as cheap as ever relative to US stocks. (2) It took six months to form a weak German coalition government. (3) There is actually an anti-bailout party in Germany. (4) Merkel’s fourth term will be as a lame duck. (5) German liberals will have more power to spend money. (6) German IFO and M-PMI dip, but remain high. (7) Italy’s latest election produced the usual political circus. (8) Euroskeptics are gaining power in Germany and Italy.
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