The One Way That A Monetary Union Can Work In Europe

Natixis chief economist Patrick Artus explains why there’s only one way that a monetary union between countries with different demographics can actually work

Even though Greece seems to have reached a deal to extend its bailout for another four months, and the eurozone is generally healthier than during the 2012 debt crisis, it’s still fair to ask if countries with such different economies can both benefit from using a single currency in the first place. Natixis chief economist Patrick Artus says that they can, but only under certain conditions which the eurozone needs to move toward if it’s going to become stable.

Three scenarios for a monetary union with varying demographics

Artus poses the question in terms of demographics – can...