Jim says the Euro will remain weak. It's under constant pressure from the dollar. That pressure isn't likely to abate soon. Jim wouldn't buy the Euro in any way, shape or form. Not through mutual funds, certainly.
Unemployment remains high, but it was higher three years ago.
In France, it's policy changes, in Germany, the Bundesbank, or bubba as we call it, can rock the boat, like our Fed. Currently, the interest rate environment in Europe is about as hostile as our own. That doesn't bode well for Europe near-term. The Nordic countries will hold up fairly well. I defy anyone to name 5 technology companies in Europe.