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Knuthsen: Why I'm still bullish on European equities

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Saxo's Teis Knuthsen has been bullish on European equities since late last year. Despite the Greek crisis, he remains fundamentally positive, pointing to a recovering economy across Europe, earnings growth and an accommodating monetary policy. He says that combined with a weak Euro and declining oil prices, this all helps to boost equities. Greece, though, does need to be resolved quickly, he stresses.

In this video, Teis also discusses the merits of a default in order for Greece to rebuild its economy. He also thinks it's time the debt was cancelled altogether. But he accepts that European institutions won't allow this to happen for fear of setting a precedent.