SPEU - EU Delivers Comprehensive Fiscal Rescue Package
By David Zahn, CFA, FRM, Head of European Fixed Income, Franklin Templeton Fixed Income
The European Commission has unveiled a sweeping new €750 billion coronavirus fiscal rescue package, including the issuance of new bonds. David Zahn, our Head of European Fixed Income, calls it groundbreaking.
The European Union ((EU)) seems to have finally come together to deliver a comprehensive fiscal rescue package to help member states battle the devasting economic impacts of COVID-19. In her speech to the European Parliament (May 27) announcing the €750 billion package, European Commission ((EC)) President Ursula von der Leyen