By Patrick Barbe, Head of European Fixed Income
Today’s CIO Weekly Perspectives comes from guest contributor Patrick Barbe.
The eurozone has for some time faced a lot of economic, regulatory and political uncertainties and challenges. The European Central Bank has done much to improve monetary policy transmission in order to support the banking system and economic growth. Nevertheless, without further political and fiscal reforms, eurozone economic activity has been relatively weak, leading to an inflation rate stuck at around 1%, far below the ECB's target of 2%. That has allowed external issues such as