Just as Europe emerged from two years of stagnation, recent weak survey data, increased political risk in light of the European Parliament and French election outcomes and, more crucially, the prospect of heightened trade and security risks depending on the US election outcome — all on top of daunting structural issues — have put the region’s outlook back in question. Just how significant Europe’s cyclical, political, and structural challenges are — and what that means for Europe’s investability — is Top of Mind.