Reassessing Europe after arrival of euro

Professional Adviser
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introduction of the euro was relatively hitch free, however fund managers are split on whether the currency will be a long-term success

The introduction of the euro has changed forever the way equity fund managers operate in the region. But the changes in investment process it has brought about and the transformation of Euroland companies into true pan-European operators are not the sum total of the euro's effect. It has impacted on economic growth, helped maintain unemployment figures well in excess of the UK, and contributed to a decline in consumer confidence, a key driver of equity markets. Importantly though, despite the debate surrounding the sustainability of the currency, Steven Bell, chief global economist ...

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