Urquhart Stewart:Time for euro-realism

COMMENT

From the slough of despond to the rose-coloured spectacles of optimism, the views towards the eurozone have hardly provided a sound and consistent theme for investment professionals or their clients.

Just this time last year there were many who were forecasting the doom of the young currency, along with the inevitable financial calamity that was sure to follow for the participating member nations. One year on and although many of the issues still have not been resolved, there has definitely been a change in tone and attitude. Thus from writing from the point of view of encouragement a year ago, I now find myself having to cool some of the wilder enthusiasts who almost imply that the currency problems have been resolved. Certainly there has been some significant progress as meas...