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Natixis explores the end of the euro

In his latest FTSE Global Markets blog, Natixis’ chief economist Patrick Artus explores the notion of scrapping the euro, pointing out that the consequences would be so enormous – in terms of financial, economic and political costs – that the most likely scenario is the euro’s long-term survival. However, the current situation, where the euro no longer provides many of the advantages it was expected to, cannot continue. New approaches and macroeconomic adjustments are needed, particularly if we are to prevent a country from one day being forced to accept the costs of a euro break-up.

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