european focus

There seems to be increasing interest in European assets, money seems to be heading there from all directions.

Here is an interesting article I found re "Barclays goes on a spree"

In part."BARCLAYS is days away from agreeing a deal to buy Citigroup’s credit card business in Portugal, in the first phase of a European shopping spree by the bank.

Frits Seegers, the head of Barclays’ retail and commercial banking arm, is believed to be in discussions on more than a dozen possible deals in Spain, Italy and parts of central and eastern Europe. A research note from Cazenove last week said “M&A remains on the agenda” for Barclays."

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6850922.ece

Any money heading to Europe will only strengthen Asset values and cement in the recovery happening. I see this as positive for AEZ with the interest now accumulating.