Europe’s recovery stalls

The European Central Bank is expected to resort to money printing to kickstart growth.

"Investors are losing faith in Europe," says Manish Kabra, of Bank of America Merill Lynch. Germany's DAX index has lost 10% from its recent high. Italy's main market is down 9%; the French CAC 40, down 15%.

Worries over Ukraine have been one factor.But the key problem isan old one: Europe "produces no growth",says Didier Saint-Georgesof fund group Carmignac.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.