Report
Patrick Artus

All euro-zone countries now have domestic agendas

Political discourse in Germany is now dominated by domestic issues (immigration, th e situation of industry); the French government is face d with demands for an increase in purchasing power; the Italian government is only interested in issues concerning the living standards of Italians and immigration; the Spanish government has to respond to the rise of far-right political parties and to the Catal o n ian crisis. If the euro-zone countries essentially have domestic agendas, there will be no progress regarding the European institutions, tax polic y coordination or the implementation of solidarity mechanisms between the countries: one should therefore expect the heterogeneity between the euro-zone countries to continue to increase and tax competition to give rise to chronic fiscal problems.
Provider
Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Analysts
Patrick Artus

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