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May 31, 1999

Winners & losers

The euro has created new forms of corporate insiders and outsiders

Since the introduction of the euro, investment and trading patterns in Europe have turned out to be less predictable than expected, though the problem of how to gain investor attention may be more acute for some companies. Research produced by London-based securities house Robert Fleming in July last year came up with two major predictions. The first was that the equity market capitalization of the eleven eurozone stock markets would grow from $3.9 trillion to $14 trillion by 2010. The second

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