Europe can get through its crisis, says Byron Wien

Amid the latest turmoil engulfing Europe, it is encouraging to hear one voice that is sanguine about the prospects for the continent’s recovery and for a benign resolution of its problems.

An open rift between Germany and France’s new president, Francois Hollande, over austerity measures, contingency plans being formulated by central banks for a Greek exit from the euro and mounting debt crises in Spain and Italy are hardly grounds for optimism.

Yet Byron Wien, vice-chairman of Blackstone Advisory Partners, sees light at the end of the tunnel. “Europe is on the verge of getting better,” he told FinanceAsia. It is one of “10 surprises”...