Continental shift

Global stock markets plunged sharply at the start of last year, but since then a combination of low interest rates and concerted action by world leaders to stimulate their economies has helped bring about a dramatic recovery. All the evidence suggests that Europe has come out of the credit crisis in a stronger position than many of the other developed regions.  European government finances are not as overstretched as they are in the UK and the US so the twin threat of higher taxes and lower public spending is not as acute. The European Central Bank has also won many plaudits for its robu...