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Old-European economies set for growth says US commentator

Old European countries which opposed the conflict in Iraq look to make good investment opportunities according to leading US markets commentator Ken Fisher.

A long-time Forbes Magazine columnist and manager of over US$10bn of investments for institutions and high-net worth individuals, Fisher says the economies of countries such as Germany, France, Switzerland and the Netherlands are twice as much down on those who took part or gave support to the war.

Fisher says those supporting the US coalition such as Australia, Japan, Italy and the UK have fared much better economically than their anti-war neighbours since the conflict finished.

He says: “Amazingly, Germany&#39s stock market became worth less than Canada&#39s and is now worth the same amount. That is shocking when you think about their relative size other ways. The German and French markets together are worth less than the US&#39s four biggest stocks or the UK&#39s biggest 14.”

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