Euro stars

Only 12 months ago, most investors were still erring on the side of caution when considering whether to invest in the European equity markets. A stream of negative news regarding the slow pace of economic recovery in Europe, the prospect of that recovery being choked by interest rate rises from the European Central Bank, and the outcome of the German general election last autumn did nothing to dispel the perception that European economies and European companies were 'competitively challenged' in the global economy. It was no surprise then that many equity market investors decided to stay...