Weak euro could boost continent's exports

Europe has been the centre of attention for all the wrong reasons this year.

As the financial crisis has shifted from a consumer and corporate debt problem into one of sovereign debt, it has exposed deep political cracks that not even a €750bn support package can paper over. The market’s immediate reaction to it was telling. After an initial euphoric rise, the mood quickly soured as investors came to the conclusion that the symptoms, not the cause of the problem were being tackled. But in spite of this, I still think there is a strong tactical and strategic case for European equities. The obvious strategic argument is that ignoring Europe in favour of other re...