The “sick man” of Europe may very well be all of Europe. Since the Great Recession of 2008-2009, growth has been generally slow and painful, and the danger of prolonged stagnation in Europe is a very real possibility. The euro has dropped to its lowest value in nine years. With Europe accounting for 25% of global trade, its recovery is imperative to the health of the global economy. The forecast for 2015 is looking dismal, only marginally better than 2014.
