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The eurozone’s never-ending recession – Natixis in Global Banking and Finance Review

The destructive effects of a long recession mean growth in the eurozone should not be expected to pick up anytime soon, writes Patrick Artus, chief economist at Natixis, in an article for Global Banking and Finance Review. Artus argues that these effects – which include a decline in GDP, loss of human capital and a pro-cyclical fiscal policy – combined with the turbulence caused by the sovereign and banking crises, are ultimately hindering the chances of fiscal recovery.

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