What do the following have in common: the tax imposed on Cypriot bank deposits last month, a Portuguese court's annulment of some of the government's austerity measures, and the recent political stand-off in Italy?
They all suggest the European crisis is far from over despite the calm brought to financial markets by European Central Bank President Mario Draghi's promise last summer to buy unlimited amounts of the debt-ridden countries' obligations, argues Komal Sri-Kumar.
