Business
In this episode, we are looking at the EU’s €750bn recovery plan agreed at the EU summit earlier this week. As put by the EU council president, Charles Michel, it is a ‘pivotal moment in history’ – but does it come at a price? IGTV’s Jeremy Naylor is joined by Martin Essex, analyst and editor at Daily FX. Martin points out that there are now only €390bn in grants rather than originally targeted €500bn. The two discuss the rout between ‘the frugal four’ – Austria, the Netherlands, Denmark, and Sweden – and draw comparisons with 1984, when rebates were at the centre of conversation. Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.