Not all of Europe is on the brink of financial disaster:Poland and Turkey could be best in class

Two of the nations that fought hardest for closer ties to Western Europe in recent years may now be glad they didn’t get everything they wanted. With the European Union’s traditional powerhouses stumbling, solid growth in both Poland and Turkey may offer the best opportunities in the region.

Turkey and Poland wowed observers with their economic performance following a global financial crisis that left regional peers hobbled. Both relied on youthful populations, relatively low debt levels and expanding middle classes to position themselves as the “New Tigers,” poised to help drive future global growth. But high unemployment, volatile currencies and reliance on foreign investment could come back to haunt them, especially if the euro-zone debt crisis spins out of control, observers said.

[link to www.marketwatch.com]