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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Lachesis Atropos who wrote (36769)	4/22/2002 4:00:33 AM
From: Lachesis Atropos	Respond to of 68065

OT -- Wealthy ride out economic turbulence LONDON (Reuters) - The world's economy may have had a rocky ride over the past few months, but Europe's rich have come through almost unscathed, a report says. Research by market analysts Datamonitor shows the number of Europeans with liquid assets of 300,000 euros (185,000 pounds) or more shrank by only 5,000 to 4.9 million in 2001. "Some countries saw people qualifying for the rich-list, while other countries had people falling off. But across Europe as a whole the total figure was only 5,000 less," the report's author Callum Dyce told Reuters. Dyce said a general sluggish world economy and stock market downturns after the September 11 attacks on U.S. cities were the main reasons for some individuals losing out in the wealth stakes. The country with the continent's largest number of well-off citizens was Germany with 1.24 million of its 80 million inhabitants enjoying the good life. Britain took the number two slot with just over one million savouring financial security, followed closely by one million Frenchmen and women. While 2.7 million Europeans had funds of between 300,000 and 450,000 euros, the number of seriously rich individuals -- those with more than three million euros -- was a far more modest 38,000. The research suggests Italy and Spain are expected to have the fastest growing populations of high net worth individuals in the years to 2006. Datamonitor forecasts Germany will remain the country with the largest numbers of wealthy citizens with Britain and France retaining their respective positions.