We ask managers where the biggest threats and opportunities lie in the eurozone.
Jacob de Tusch-Lec manager of the Artemis Global Income fund North-south divide The underlying problems in the eurozone are still the same: too much debt, too little growth, too many imbalances between a growing Germany/northern Europe and a southern periphery still bloated with debt. There are too many inefficiencies, too few workers, too many recipients of welfare and too little appetite for much-needed structural reform. A lot of the low growth is just a result of poor competitiveness and structural weakness. But equities move on the change in reality, which usually moves...
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