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David Zahn, CFA, FRM, Head of European Fixed Income, Franklin Templeton Fixed Income
After much debate, the ink is now dry on Europe's €750 billion coronavirus fiscal rescue package, initially proposed in May. David Zahn, our Head of European Fixed Income, says it marks a strong affirmation of European integration and support for beleaguered countries-good news for investors.
After a period of intense debate and discussion over several days, European Union ((EU)) leaders finally reached an agreement on a €750 billion (US$858 billion) COVID-19 rescue plan. The plan contains low-interest loans as well as €390