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European funds are leaking money more quickly than during the financial crisis

Europe is in a bad place when it comes to political uncertainty. From Brexit to the Italian senate referendum later this year, policy uncertainty is dominating in almost every major economy on the continent. In Britain, no one really knows whether we're heading for a hard or a soft Brexit — or even really what those things mean. In France and Germany, general elections loom in the coming year, with populist parties set to gain and the status quo likely to be disrupted.
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