ANALYTICS

08.07.2020 | Europe's great stimulus plan is little more than political theatre
by Ambrose Evans-Pritchard - 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. The full article text is available at https://www.telegraph.co.uk/business/2020/07/08/europes-great-stimulus-plan-little-political-theatre/


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Центр миру, конверсії та зовнішньої політики України
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