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Natixis’ Artus discusses the dilemma facing Germany if France’s economy succumbs

In his latest blog for FTSE Global Markets, Patrick Artus, chief economist at Natixis, ponders the likelihood of France suffering an “attack” in the government bond markets – and how Germany might then respond. Given the size and number of challenges facing the French economy today, Artus suggests such an attack is now entirely conceivable. With sharply increased government borrowing costs then amplifying France’s economic demise, Germany would be faced with two tough choices: either accept the failure of the euro and its collapse, or whole heartedly embrace federalism.

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