BREAKDOWN: Could the European Recovery Plan Actually Break Europe Apart?

The EU’s Recovery Plan agreement has been widely hailed, but some argue that it is taking Europe down a dangerous path.

This episode is sponsored by Bitstamp and Crypto.com.

Today on the Brief:

• Which industries are recovering the best
• China retaliates against U.S. after consulate shutdown
• Dollar heads toward its worst month since 2018

Our main discussion features returning guest Tuomas Malinen, CEO of GnS Economics.

In this discussion, Tuomas and NLW discuss:

• An outline of the European Union’s new recovery plan
• The new debt issuance structure that marks a first for Europe
• The challenges of currency unions
• How Europe’s debt crisis changed how Europeans think about economic integration
• Why the current plan amounts to “stealth federalization”
• Why some member states are in a state of mutiny over the fund

Find our guest online:

Website: GnS Economics

Twitter: @mtmalinen