Debt Crisis Weighing Down on Euro Zone more than on US

BusinessEconomy ♦ Published: October 17, 2012; 17:03 ♦ (Vindobona)

According to Austrian Erste Group Research, the economic development in the Eurozone remains subdued.

Debt Crisis Weighing Down on Euro Zone more than on US / Picture: © Erste Group Bank AG

"Restoring government budgets will continue to occupy capital markets. Nonetheless, volatility has decreased significantly," said Fritz Mostböck, Head of Research at Erste Group. "As a consequence of the very subdued to shaky development of the economy, it is still recommendable to take a selective approach to investing. Overall, there are opportunities in stock markets in the fourth…