The document discusses the performance of European equities compared to US equities, highlighting the benefits of being underweight in European equities since the EU debt crisis. It includes detailed analysis of Italy's fiscal situation, the impact of austerity, and the political climate following the Italian elections. The document also examines France's economic challenges and the broader implications for European markets. It contains multiple tables and charts illustrating economic performance and corporate revenue breakdowns.
documents/EFTA01188408.pdf
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