Long-term outlook remains positive

Europe suffered a setback last year because technology, media and telecom valuations became over stretched. Several companies managed to get a Neuer Market listing when in reality they should have struggled to get venture capital backing and, unfortunately, many investors lost out as a result. But there are a number of issues that should give the investor some confidence for 2001 and the long-term outlook is positive. More investors are participating in the equity markets and increased inflows can only benefit the stock markets. People in countries like Germany are realising their govern...