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SMLL - There Is Only One Story Today: Europe - Harrison
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Markets reacted positively to the news that the EU has reached a historic $2 trillion deal to rebuild its economy and there’s talk of this being Europe’s “Hamilton moment,” but political and structural realities may prevent it from ever being truly united, Ed Harrison told Real Vision during today’s Daily Briefing.
Harrison said that Merkel and Macron seem to be working toward coordinated reflation via a federal European government, but he doubts that the EU will ever get to full debt mutualization. He argued that the desire of the Frugal Four and Finland to receive