Eagle Asset Management's June Market Perspective focuses on the Eurozone and the influence of the German economy, calling it "no different than the Chinese mercantile model."
"Curiously, European stock markets are ignoring the ongoing recession there. Should we ignore it too? The markets are obviously predicting eventual economic progress. Is that reasonable given the euro’s structural problems? Of all the known unknowns, I believe the outcome in Europe is a critical factor in determining an appropriate asset allocation. I’ve been researching the origin of the imbalances within the euro and it provides at least a piece of the framework for predicting the outcome."