The unthinkable has now become reality twice in the past six months. First, the United Kingdom shocked the world by voting to leave the European Union back in June. Then just this week, the United States elected businessman Donald Trump as its 45th president. The important thread that connects both of these pivotal outcomes is the expression of deep frustration by the masses against the establishment elite. If such transformations can happen in the United Kingdom and the United States, they can happen anywhere. In the coming year, the spotlight will turn toward the European Union. And depending on how a series of votes play out, markets may find themselves confronting the once unimaginable risk of the eventual dissolution of the Euro Zone and its common currency.
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