Euro-zone capital outflow doubles

PT       2001-06-27 
The euro-zone suffered a net outflow of investments of more than E100bn ($86bn) in the first four months of this year, more than twice the level recorded in the same period of 2000, the European Central Bank said on Wednesday. Economists said the data did much to explain the euro's prolonged weakness against the dollar on foreign exchange markets. It also underlined the preference of investors for US rather than euro-zone equity markets, they said.