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Investment Event - EU recovery fund deal agreed

European Union (EU) leaders have reached an agreement over a EUR750bn support package of grants and low-cost loans for member states.
21 July 2020
    Download the full reportPDF, 322.25KB

    Key takeaways

    • European Union (EU) leaders have reached an agreement over a EUR750 billion support package
    • The deal overcomes longstanding opposition to fiscal transfers from richer to poorer member states
    • Arguably the package reduces the risk of a eurozone break-up but some challenges remain
    • We believe the package of measures justifies a more constructive view on eurozone equities in the context of attractive valuations, ongoing European Central Bank (ECB) policy support, and relatively favourable Covid-19 case dynamics in Europe