Eurozone Economy Quietly Outshines the U.S.

Recently read a ft.com/content/0bbc026a-ea12-11e6-967b-c88452263daf">Financial Times article regarding the European Union and its economy. (For those without an FT subscription, here is a mirror link that I found.)

According to the article:

The Eurozone economy has now posted 14 consecutive quarters of development, the unemployment rate has returned to single digits, and financial sentiment has reached its highest degree in six years. As a result, Eurozone's development outpaced the US in 2016: 1.7% to 1.6%.

There are three reasons for the Eurozone's economic recovery:

  1. The European Central Bank’s ultra-lose financial coverage has finally worked as public expenditure has increased throughout all countries in the EU with the exception of Italy.
  2. It has been nearly a decade since the monetary disaster of ’07.
  3. The UK’s vote to depart has not proved to be a much of a shock as feared.

Do you think the EU's economic growth is sustainable? Personally, I am skeptical. There is too much political instability and debt in the European Union. However, I would love to hear your opinion regarding this topic.

 

Why do you think that is? Do you think there's outsized gains with financial firms relocating to the continent?

Quant (ˈkwänt) n: An expert, someone who knows more and more about less and less until they know everything about nothing.
 

I lived in Europe for a decent amount of time and for the more producing countries I think it might be pretty good deal, particularly for Germany as this could cause an influx on some new cash, and due to their closer integration with continental countries, that could lead to investment in burgeoning developing areas, like Poland for example.

Additionally, the UK has historical experience with having trading partners further from home (i.e. the current Commonwealth), so it'll be interesting to see if this could lead to more integrated economic ties between those nations, definitely not politically since they're done with the whole empire thing.

Quant (ˈkwänt) n: An expert, someone who knows more and more about less and less until they know everything about nothing.
 
Best Response

Randy just doesn't understand. I mean I love him dearly but I hate Ricky more. I just don't wanna put up with that prick for the rest of my life. You know he grew up as a little shit spark from the ol' shit flint and then he turned into a shit bonfire and driven by the winds of his monumental ignorance he turned into a raging shit firestorm. If I get to be married to Barb, I'll have total control of Sunnyvale and then I can unleash a shitnami tidal wave that will engulf Ricky and extinguish his shit flames forever. And with any luck, he'll drown in the undershit of that wave. Shit waves.

I AM THE LIQUOR
 

Explicabo quo odio neque impedit adipisci. Soluta quod quia sunt non enim.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
CompBanker's picture
CompBanker
98.9
9
kanon's picture
kanon
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”