The Eurozone Isn’t An Industrialized EconomyVW Staff
Patrick Artus, the chief economist at Natixis, highlighted a closely-guarded European secret the other day. The Eurozone isn't really an industrialized economy, and the problem is getting worse each year. In a Natixis report, published earlier in September, Artus describes two of the monetary block's major problems: the Eurozone is in a period of de-industrialization, and industry is concentrating on a handful of places.
Artus' first point—that the Eurozone is in . . .
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