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Multi Asset

Perspectives for the euro zone

The euro zone: a brighter future

June 2019

Luca Paolini, Chief Strategist, Richard Dias, Senior Multi Asset Strategist

The euro zone has defied the odds for 20 years. It will reach its 25th birthday with steadier foundations in place.

Milton Friedman was famously not a fan. Neither is fellow Nobel Laureate Joseph Stiglitz.

Yet the euro zone has somehow defied the odds and its critics, surviving a problematic infancy and turbulent adolescence to make it through to its 20th birthday.

It will continue to confound the doomsayers.

Not only will the single currency live to see 25, but it should reach that milestone with steadier foundations in place

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