ViewpointsOpinionNew Lockdowns Could Lead Europe to Economic DepressionSavePrintEuro coins in front of the European Union flag. Philippe Huguen/AFP/Getty ImagesDaniel Lacalle9/20/2020|Updated: 9/23/2020CommentaryThe rise in COVID-19 cases in countries such as France and Spain has increased the risk of new lockdowns.Share this articleLeave a commentDaniel LacalleAuthorDaniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat” (2015), and “Life in the Financial Markets.”websiteAuthor’s Selected ArticlesIs the European Union Deliberately Delaying Trade Negotiations?May 27, 2025Inflation Is Not Soaring, and Economic Growth Is SolidMay 20, 2025China’s Keynesian Model Is Crumbling—It Needs a Trade Deal, FastMay 16, 2025We May Be Close to the Best Buying Opportunity Since 2009Apr 08, 2025Related TopicsEuropean UnionEuropeeurozoneeconomic recoverylockdownseconomic depression