Paris Terror Attacks Could End EU Economic Peace Dividend

Writing about the French terrorist attacksand the economic risks to the European economy is “always something almost unsavory” and could involve “spurious speculations in unchartered areas of expertise,” particularly when one of those involved in writing the report is a French national. But the report must be written, a Bank of America Merrill Lynch report volunteered, as “the terror attacks in Paris, together with the intensification of the foreign military operations in Syria introduce a new element of risk in Europe’s macroeconomic situation that cannot be ignored.”

Most significant cost of Paris terrorist attack could be higher defense spending, ending the “spoils of peace”

While the economic impact...