THE WisdomTree BLOG
Turkey’s president, Recep Tayyip Erdogan, may find a four-leaf clover in the form of an implicit bailout from European Central Bank president Mario Draghi. Jeff Weniger takes a look at country-level risks to find angles on European equities with potentially mitigated downside from Turkish contagion.
With the Turkish lira against the ropes and emerging markets heavily sold off this year, how can European equity risk be tamed?
In April, the Italian public was so incensed at the country’s state of affairs that half of the general election vote went to two protest parties. The euro has dropped nearly 5% against the Canadian dollar in the past few weeks, with room for further declines.