Report
Europe: The apparent solidarity should not hide the reality of competition
Europe has just put in place a EUR 750 billion recovery plan financed by EU bond issuance, which is an important demonstration of solidarity between European countries. However, this beginning of solidarity should not hide the reality that European countries are in fierce competition: Competition through production costs; Tax competition. This competition has more drastic effects on economies than those of the solidarity that has been established.
Provider
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.
Patrick Artus
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