European ‘Crisis Is Not Over’: Barclays Analyst

Worries over the European economic crisis that sparked a stock market sell-off abroad show no signs of abating anytime soon, Barclays Chief European Economist Philippe Gudin said Wednesday on CNBC.

“I think there are some worries about how Europeans are going to be able to continue to handle this crisis,” he said on “Fast Money.”

Police and protesters clashed this week as the Spanish government was set to announce a new set of austerity measures.

The unrest sent Spanish shares lower, and Gudin said that he saw no relief anytime soon.

(Read More: Spain's Troubles Worsen, Sparking New Phase for Euro Crisis)

“We’ve seen a period of recovery of confidence over the last weeks, which was probably exaggerated,” he said. “This crisis is not over. It’s going to continue for a longer period of time. They have to fix the long-term solutions, which means building some stronger institutions for Europe, and also fixing the situation in different countries.

“This is the end of a period of a more quiet environment, but I’m afraid these crises are going to continue for a while.”

Trader disclosure: On Sept. 26, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s “Fast Money” were owned by the “Fast Money” traders: Pete Najarian is long AAPL; Pete Najarian is long C; Pete Najarian is long GS calls; Pete Najarian is long JPM calls; Pete Najarian is long INTC; Pete Najarian is long SBUX; Pete Najarian is long FB; Pete Najarian is long MSFT; Pete Najarian is long POT calls; Pete Najarian is long NOK; Simon Murphy is long AAPL; Simon Murphy is long GS; Simon Murphy is long AMZN; Simon Murphy is long GOOG; Simon Murphy is long CRM; Steve Grasso is long AET; Steve Grasso is long AST; Steve Grasso is long AIP; Steve Grasso is long BA; Steve Grasso is long F; Steve Grasso is long LF; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long P; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long S.

Got something to to say? Email fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published online, email fastmoney@cnbc.com.