The EU Recovery Fund: An Unprecedented Step, But No Panacea

T. Rowe Price
By September 3, 2020 14:52

The EU Recovery Fund: An Unprecedented Step, But No Panacea

  • The European Union’s EUR 750 billion recovery fund is a historic move that could pave the way for fiscal integration for the bloc.
  • The macroeconomic reforms linked to the fund will not, however, be enough to generate long‑term growth or solve the debt problems of poorer members.
  • The only way for southern European nations to grow out of their debt burdens is through stronger long‑term growth.
T. Rowe Price
By September 3, 2020 14:52

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