Out of Barclays’ latest 120-page Global Outlook report, entitled “A Stressful Muddling Through,” you’d be hard pressed to find a page that did not mention the European economic crisis or the declining euro.
Europe was front and center, and analysts at Barclays agreed that it would likely remain there for the remainder of the year. At a press conference, Larry Kantor, the head of research at Barclays, cautioned investors to seek out a “risk neutral” approach for the time being and searched for more promising opportunities.
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