Editor's note: As part of our partnership with PBS's Nightly Business Report, TheStreet's Bob Walberg joined NBR (watch video and read transcript here) to discuss European stocks that could prosper despite the continent's debt woes.
Europe's debt problems just won't go away. Last month it was Greece. This month, investors are being hit with near-daily stories about Italy's financial woes -- the country's sovereign debt totals an alarming 119% of GDP. Who's next? Portugal, Spain, Ireland.The eurozone's debt problem isn't a new story, but it will continue to weigh on investor confidence until dramatic steps are taken to turn the economies around. Unfortunately, there's no evidence that the individual countries, or the European Union, have the stomach or the will to make the hard choices required of them. Consequently, the entire region is likely to remain under pressure for the foreseeable future. Aside from the German DAX index, the European exchanges are among the worst performing markets in the world this year. But does this weakness offer long-term opportunity for astute U.S. investors? Or is it simply too early to invest in Europe?