Mohamed El-Erian highlights the growing intersection of politics and economics in France following Prime Minister Barnier’s ouster, contrasting the situation with the UK’s ‘Liz Truss moment’. Meanwhile, Greece’s economic resurgence showcases a stark contrast, raising concerns about France’s fiscal future and potential market impacts.
George Efstathopoulos, portfolio manager at Fidelity International, believes that the Greek economy and stock market are poised for a period of significant growth. He highlights several factors that support his positive outlook, including the country’s strong economic fundamentals, attractive valuations, and favorable demographics.
