  We prove existence of doubly connected V-states for the planar Euler
equations which are not annuli. The proof proceeds by bifurcation from annuli
at simple "eigenvalues". The bifurcated $V$-states we obtain enjoy a $m$-fold
symmetry for some $m\ge 3.$ The existence of doubly connected $V$-states of
strict $2$-fold symmetry remains open.
