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Market Extra: Deutsche Bank and 3 other ways Europe is giving investors heartburn

Oh, Europe, will you ever get it together?

Deutsche Bank sent shock waves through global markets last week, underlining the continent’s failure to draw a line under the region’s banking woes.

That is not the only challenge. After a quiescent interlude, worries about Britain’s impending exit from the European Union are creating fallout fears of their own. Italy is headed toward a constitutional referendum that could further fray political and economic ties in the eurozone.

“Many of the underlying problems that hurt Europe back in 2009-2012 (uncompetitiveness in the periphery, questionable sovereign debt sustainability, poor growth potential) have not been addressed fundamentally, but rather have been hidden by aggressive [European Central Bank] action,” wrote analysts at Montreal-based Pavilion, in a Monday research note.

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