What’s bad for Europe’s workers is good for shareholders

European economies may well go into terminal decline, says Matthew Lynn. But that's no reason for investors to panic.

It's hard to imagine that news from the eurozone could get any worse. We have grown used to terrible numbers out of Greece, Italy and Spain. In the last year, France has joined its declining economies. And now even Germany is suffering.

In the latest quarter, the German economy shrank by 0.2%, partly due to Russian sanctions, and it looks unlikely to recover strongly anytime soon. The zone appears locked into permanent zero growth.

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Matthew Lynn

Matthew Lynn is a columnist for Bloomberg, and writes weekly commentary syndicated in papers such as the Daily Telegraph, Die Welt, the Sydney Morning Herald, the South China Morning Post and the Miami Herald. He is also an associate editor of Spectator Business, and a regular contributor to The Spectator. Before that, he worked for the business section of the Sunday Times for ten years. 

He has written books on finance and financial topics, including Bust: Greece, The Euro and The Sovereign Debt Crisis and The Long Depression: The Slump of 2008 to 2031. Matthew is also the author of the Death Force series of military thrillers and the founder of Lume Books, an independent publisher.