There's a key risk in Europe that everybody is missing

Upcoming European elections, especially those in France and Germany, have many Wall Street economists on edge as the wave of populism sweeps the globe.  
For many, the focus is on whether there is a path to electoral victory in the likes of Marine Le Pen of the right-wing populist National Front party in France, or the far-right Alternative for Germany (AfD) party that has made gains in the wake of the migrant crisis and Brexit victory in the UK. 
What people aren't