How to Profit From Europe's Stealthy Resurgence

By Martin Hutchinson

European countries - both inside and outside the Eurozone - are slashing their budget deficits.
Greece, Portugal and Spain - three of the so-called "PIGS" - have to do so, of course. But Germany - generally reckoned to be in excellent shape - is also cutting its deficit, as is France, which hasn't run a budget surplus in 40 years. Britain, too, with no need to protect the euro (it's not a Eurozone member) just introduced a budget that cut the deficit by $140 billion over four years.