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Playlist: EURO STOXX® Media Index

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Paris attacks - Why France will withstand the economic impact
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19 November 2015 at 12:00 GMT
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Video / 19 November 2015 at 12:00 GMT

Paris attacks - Why France will withstand the economic impact

Dembik Christopher
The atrocities carried out in Paris have deeply affected a country still mourning for the dead and worried about the wounded. The impact on a way of life, on tourism and industries is also taking its toll in France. In the initial wake of the attacks stock markets slumped and the euro weakened.  

Saxo Bank Economist Christopher Dembik, who's based in Paris, assesses the economic impact of the attacks and their aftermath and explains why national GDP will be resilient despite the shock. 

With security budgets being boosted by up to EUR two billion, the fiscal implications could deepen the French deficit but Christopher argues that lawmakers and the European Commission are bound to be sympathetic towards budgetary stress due to funding extra counter-terror measures.                   

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