Natixis’ Head of Economics in IFR: Greece’s flirtation with European defenestration is usual story of Europe’s failures

In IFR’s special eurozone report, Dr Sylvain Broyer, Natixis’ Head of European economics discusses the inconsistencies at the heart of the eurozone’s design, the solutions that have only made matters worse, and the reluctance to make any decision today that can be put off until tomorrow. Indeed, as the impact of austerity was felt disproportionately by the poorest, with the rich Greeks walking free, Sylvain believes that the ECB and other EU representatives acknowledge the impact this had on social unrest and are acutely aware of the mistake made.

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Natixis writes in Bloomberg Brief on why Troika’s austerity measures were not cause of Greek woes

Patrick Artus, Natixis’ Chief Economist, argues in Bloomberg Brief against Greece’s new forefront – and other economists – who advocate anti-austerity beliefs and call for the rejection of the creditors bailout terms. Indeed, Artus believes that far from causing all of Greece’s problems, Troika’s austerity measures in fact created the conditions for its economic recovery.

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