Natixis - Europe: The apparent solidarity should not hide the reality of competition

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Natixis

Patrick Artus

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.

02/09/2020 5 EN

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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.

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Analysts

Patrick Artus

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Europe: The apparent solidarity should not hide the reality of competition

Long Bono 01/41 vs. Short Bund 05/41

Overview of the Asian covered bond market

Consolidation after the euphoria?

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