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February 4, 2021

Eurozone integration stronger than ever after Brexit

The Euro Break-up Index has dropped to an historic low.
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In-house blogger
Guest blogger
Julius Probst
Application Specialist
All opinions expressed in this content are those of the contributor(s) and do not reflect the views of Macrobond Financial AB.
All written and electronic communication from Macrobond Financial AB is for information or marketing purposes and does not qualify as substantive research.

The EU may be grappling with the fallout from Brexit, but its own union appears to be stronger than ever. The Euro Breakup Index – a measure of how likely investors rate the probability of at least one member state leaving the euro area over the next 12 months – has dropped to a record low. An index measuring financial instability in the eurozone has also fallen sharply from last year.

With the region facing its worst economic downturn since the Great Depression, what could be driving such optimism? The European Central Bank’s response to the pandemic is certainly a key factor keeping investors happy. But could the rancour around the vaccination programme start to create more discord in the coming weeks and months?

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