AllianzGI CEO Utermann Says Euro Is Here to Stay

The transcript discusses Italy's economic challenges and its potential impact on the eurozone, highlighting Italy's underperformance compared to France. It explores the future of the eurozone, questioning whether it will align with Germany's fiscal discipline or become smaller. The discussion also covers economic growth in Europe, noting positive wage trends, contrasting with the UK's economic deterioration.

In what ways is wage growth in Europe different from that in the UK?

What does the speaker suggest about the relationship between economic improvement and people's perception of their situation?