Investment bank Sarasin is telling investors that despite the conflict in Kosovo and political turmoil in the EU, Europe still represents a very good investment opportunity.
It says the real threat comes from overvalued blue chips in the USA and not from Europe. Those thinking of selling stock should think again.
It says: "Europe offers a real safe haven from all of these concerns. Earnings growth is projected at about 12 to 15 per cent next year. In 1999 companies will also have the windfall benefits of the weak euro."