► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs
John Authers analyses European stocks, which have underperformed the US S&P 500 by more than 50 per cent since 2008.
For more video content from the Financial Times, visit http://www.FT.com/video
Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes