Editor's comment Winter 2012/2013 - Uncertainty here to stay
One of the key themes of 2012 was ongoing uncertainty. Whether it was waiting for the outcome of the US election, the regulators delaying and changing key rules or fluctuations in the eurozone crisis, forward planning for all companies was extremely difficult.
Europe's politicians have failed to come up with a strategy that can fill market participants with confidence about the near or long-term future of the euro. They have