10.07.2020 | Великий стимулюючий план Європи - трохи більше, aніж політичний театр
Амюроїз Еванс-Прітчард - The Telegraph
The EU’s Recovery Fund has taken on a sacral character out of all proportion to its macroeconomic significance. The weekend gathering of EU elites at France’s Cercle des Economistes was one long celebration of this pandemic package.
I did not hear a single participant seriously question whether this clutter of measures – ostensibly worth €750bn (with poetic licence), but stretched thinly until 2025 – will make any material difference given the scale of the Covid shock, or whether its structure will prevent the eurozone’s North-South gap widening fatally as an asymmetric recovery takes hold.
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