''Europe’s leaders will confront an array of severe tests this year, including tumultuous elections featuring populist insurgencies, complex negotiations over the UK’s departure from the EU and a new US president who thinks the transatlantic alliance is “obsolete”. Despite these challenges, EU leaders have an opportunity to strengthen the union and reinforce its institutions. In particular, they should focus on restoring the banking sector’s credibility by providing it with more capital and better oversight. If they make progress on nothing else, achieving this could turn 2017 into a very good year..''
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