In the sovereign debt crisis of 2011-12, Europe became synonymous with bureaucracy and inaction. As populism festered and Europe quivered, the UK voted for Brexit.
Investors, rightly or wrongly, remained sceptical - with startling underperformance of domestic facing European equities, relative to the US and Asia. However, the seeds of change were sown in late 2019, with the changing of the guard in Europe. Newly appointed head of the European Commission Ursula von der Leyen, a long serving aide of German Chancellor Angela Merkel, pitched a multi-trillion euro fiscal stimulus package under the broad title of the 'European Green Deal'. What Covid-19 has taught us about sustainable investing For Northern European countries, character...
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