North-South divide in Europe is growing
Northern Europe appears set for a self-reinforcing recovery while countries in the South (such as Italy and Spain) could be stuck in a self-sustaining slump according to Legal & General Investment Management economist James Carrick.
Mr Carrick argued that there are currently very different dynamics at work within the major European economies.
"While we know a lot about the troubles in the euro area's ‘periphery', one of the
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