The UK has seen a decline in its share of foreign direct investment in Europe as a result of the str...
The UK has seen a decline in its share of foreign direct investment in Europe as a result of the strength of sterling against the euro. According to Ernst & Young, the UK's market share of foreign direct investment fell to 24% in 1999 from around 27% in 1998 although it is still the largest recipient of foreign investment into Europe. The group also found that the US accounts for 42% of foreign investment projects in Europe and represents around 55% of the inflow for countries such as Germany, the Republic of Ireland and the Netherlands. Barry Bright, director of Ernst & Young's Internati...
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