What happens next in the eurozone? It seems like the great investment debate of 2015 has already been decided, helped along by that frequent companion, recent events.
The Greek elections and worries about the rise of continent-wide deflation seem like the perfect excuse for yet another bout of agonised soul searching among institutional types. Will 2015 finally prove to be the year the continent snaps out of its austerity-fuelled funk, or will the eurozone turn into a multinational version of depressed Japan? The inevitable next step in this skittish line of reasoning is to suggest the ECB will finally press the big red button marked quantitative easing (QE), prompting yet more euro depreciation, and a rally in local equities. Research by ING Inves...
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