Natixis - The losers in the competition between the euro-zone countries

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Natixis

Patrick Artus

The losers in the competition between the euro-zone countries

In a euro zone characterised by significant competition (tax, social, wage) between the member countries (due to the lack of coordination of economic policy or labour market functioning and the weak demand for industrial products), the countries that have to finance generous social welfare through a high tax burden and which have high labour costs given their level of product sophistication (France, Italy) will inevitably be in trouble .

14/04/2019 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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The losers in the competition between the euro-zone countries

Japan: Macro and geopolitics brew winners in industrials, IT and financials

Section 899: A tool to increase revenue or to change foreign tax policy?

ECB Takes Summer Pause to Preserve Monetary Policy Flexibility

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