Turning Point? Don't Overlook Europe

As Mark Rutte, the Dutch prime minister, said after his country's recent election, Europe's political centre has won the quarter-finals. It is too early to rejoice — the semis (France) and the final (Germany) still lie ahead. Nonetheless, I am confident that the centre will hold and that the eurozone will differentiate itself from the UK and the US. Markets will breathe a sigh of relief, and Europe's blossoming recovery will finally be fully appreciated and draw in capital.