Message-ID: <16013841.1075860837670.JavaMail.evans@thyme>
Date: Fri, 30 Nov 2001 11:37:03 -0800 (PST)
From: jhdiv@binswanger.com
To: klay@enron.com
Subject: European Update - December 2001
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Holmes Davis <jhdiv@binswanger.com>@ENRON
X-To: Kenneth L. Lay <klay@enron.com>
X-cc: 
X-bcc: 
X-Folder: \Kenneth_Lay_Mar2002\Lay, Kenneth\Inbox
X-Origin: Lay-K
X-FileName: klay (Non-Privileged).pst

In the midst of a global economic slowdown, the long-term outlook for Euro-zone economies is more uncertain than in the last quarter.

Read the CBB European Update at http://www.cbb.com/EuropeanUpdate_3Q to see how Europe's real estate markets are facing up to the challenge.