As the continent rejects austerity, proposals for structural reform are promising but vague.

As the continent rejects austerity, proposals for structural reform are promising but vague.

Recovery in household spending could be a mixed blessing.

Recovery in household spending could be a mixed blessing.

Revenue from emerging markets will bolster earnings gains.

Revenue from emerging markets will bolster earnings gains.

Austerity obsession creates a vicious cycle.

Austerity obsession creates a vicious cycle.