By Stuart Gilmartin, a fund manager at SGAM Last year was one of the worst the eurozone has suff...
By Stuart Gilmartin, a fund manager at SGAM Last year was one of the worst the eurozone has suffered for a decade, with financial market buoyancy deteriorating as a result. Along with concerns over accounting standards, companies have been forced to downgrade their earnings. In addition, the European Central Bank has been slower to cut interest rates than the US Federal Reserve. There is now a growing belief that a further rate cut could give a boost to the sluggish pace of recovery in some of the larger European economies, particularly Germany, which remains a problem. O...
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