Europe can get through its crisis, says Byron Wien

Despite the headlines, Europe is on the verge of recovery, according to Blackstone's Byron Wien, who also expects other surprises are in store this year.

Europe can get through its crisis, says Byron Wien
Byron Wien, vice-chairman of Blackstone Advisory Partners

Amid the latest turmoil engulfing Europe, it is encouraging to hear one voice that is sanguine about the prospects for the continent’s recovery and for a benign resolution of its problems.

An open rift between Germany and France’s new president, Francois Hollande, over austerity measures, contingency plans being formulated by central banks for a Greek exit from the euro and mounting debt crises in Spain and Italy are hardly grounds for optimism.

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