Eurozone is anything but a unified economic and financial unit - Natixis

A comparison between the euro zone and the United States or China is pointless as the euro zone is not a unified economic and financial unit, according to Patrick Artus, Research Analyst at Natixis.

Key Quotes

“The reasons are as follows:

• Capital and bank credit markets are segmented between the eurozone countries;
• Labour market functioning and rules are different;
• There is no large company in the sectors of the future or a panEuropean bank;
• Economic policies (other than monetary policy, obviously) are not coordinated;
• Social choices and the roles of the state remain different.
• The euro zone remains a collection of countries, but is not at all a country per se.”