Inside investment: Learning to love the euro

Eurozone stress has been felt most acutely in the so-called periphery, but investors should look at the core of the European Union.

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Five hundred years ago Martin Luther nailed his ‘Ninety-Five Theses’ to the door of All Saints’ Church in Wittenberg. The good people of this modest city in Saxony could not have known that this act by a troubled Augustinian friar would convulse Europe for centuries. Luther’s complaints in 1517 against the excesses of contemporary Catholic practice marked the start of the Protestant reformation. 

The Thirty Years War that followed engulfed almost every nation on the continent, but most of the pain was inflicted on Germany.

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