Mediterranean markets have led the way in Europe, with both Greece and Turkey rallying sharply in th...
Mediterranean markets have led the way in Europe, with both Greece and Turkey rallying sharply in the year to date The Greek market has been a spectacular performer since the drachma's entry into the ERM in March 1998, with Greece viewed as an assured convergence play. With interest rates falling, domestic retail interest has also taken off in 1999 and valuations now look increasingly stretched, particularly in the small cap sector. However, blue chip stocks in sectors such as telecommunications and banking still offer attractive long-term value In Turkey, sentiment has improved sharply i...
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