The EU and Euro-zone will both need improved economic growth, together with strong and adaptive, inter-governmental cohesion to survive intact and resolve serious political stresses. Although credit conditions have improved, the latest market turbulence and Chinese slump will jeopardise a return to sustained growth. Politically, the migrant crisis and a much-weakened German Chancellor Merkel risks a fatal escalation in nationalism and political in-fighting. The determination of Euro-zone bureaucrats should not be underestimated and a more positive outlook is certainly possible as the underlying log-jam centred around ... (full story)