Beware the rage of Europe’s dispossessed

by Michael Collins, Investment Commentator at Fidelity

April 2013

The political uprisings that have swept across north Africa and the Middle East since Tunisian street vendor Mohamed Bouazizi set fire to himself in December 2010 to protest against harassment and the confiscation of his goods have surprised analysts. No one should be shocked, though, if similar upheavals ripple through austerity-hit European countries. There is a growing risk that the resentment, despair and anger brewing among the eurozone’s dispossessed, including its 19.1 million unemployed, will explode.

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