Another full-blown euro crisis looms in 2012

THIS has been a pretty horrific year, with the European economy stumbling from crisis to chaos and back again.

The US has proven to be even less politically capable than Ireland of achieving economic consensus, while there are emerging doubts about the long-term capacity of China to continue its growth path.

So what then will 2012 bring? It is absolutely true that “forecasting is very difficult, especially about the future”, but I think it is better to subscribe to the words of the great French mathematician and politician, Henri Poincare, who stated: “It is far better to foresee even without certainty than not to foresee at all.”