Global Strategist Carlo Besenius discusses the outlook for the Euro and European Equity Markets.The recent under-performance of equities in the Eurozone relative to those in the US has been more pronounced than might have been expected based on the size of the fall in the Euro against the US$. Admittedly, we forecast the Euro to strengthen to about EUR/US$ 1.3750 from the current EUR/US$ 1.34 levels. But we do not think this will preclude Eurozone equities from recovering lost ground.