If you are looking for banks trading below book value within Europe, you're not short of choice. Unfortunately, while many banks look appealing on a price-to-book ratio, I want to stay away.
In many respects, Europe is still a mess, and there is no long-term solution to many of the problems currently affecting the continent. Debt and unemployment is still rising and the continent is now faced with the possibility of a lost-generation as well as an aging work force. With that being the case, it is entirely possible to believe that many of these banks trading...
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