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A Happy New Year for Europe?

In 2016, Europe will face a perfect storm of political challenges, from the surging refugee crisis to the implementation of the TTIP trade agreement. But perhaps the gravest challenge is managing the uncertainty in the run-up to the UK's referendum on whether to remain in the European Union.

PARIS – As the European Union prepares to enter the new year, it faces an almost perfect storm of political challenges. The strategy it has used in the past – barely muddling through a series of calamities – may no longer be enough.

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