The investment implications of Europe’s ongoing fiscal crisis
- The European sovereign debt crisis has heightened market turbulence as investors contemplate the potential outcome.
- Though some fear a breakup of the Eurozone, such a scenario is highly unlikely.
- Recent turmoil has sent stock valuations in Europe to multi-year lows, allowing long-term investors to acquire strong multinational companies at compelling valuations.
- As political leaders continue to make tough decisions, the markets should return to more normal levels of volatility.