France's industrial base is now so small that making it more competitive will have little effect, says Patrick Artus, chief economist at Natixis, a French bank.

法国银行Natixis首席经济学家Patrick Artus认为，目前，法国工业规模太小，即使变得更富竞争力也很难对经济有实质性帮助。

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Europe's single monetary policy has also severed the link between short-term interest rates and economic performance in the euro area, says Mr Artus.

ECONOMIST: World economy