French and German banks have been hit by the financial crisis in recent years. Moreover , short-term austerity policy does not revive economic growth . Kent Hughes : America has a large stake in European prosperity . He says that short-term austerity policies do not revive economic growth . Hughes : Traders will benefit from market volatility , long-term investors will do fine .
French and German banks have been hit by the financial crisis in recent years. Kent Hughes : America has a large stake in European prosperity . He says that short-term austerity policies do not revive economic growth . Hughes : Traders will benefit from market volatility , long-term investors will do fine .