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Why the European Recovery Plan Will Likely Fail

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Why the European Recovery Plan Will Likely Fail
The sun sets behind the buildings of the banking district in Frankfurt, Germany, on May 9, 2020. Michael Probst/AP Photo
Daniel Lacalle
Updated:
Commentary

The 750 billion euro ($833 billion) stimulus plan announced by the European Commission has been greeted by many macroeconomic analysts and investment banks with euphoria. However, we must be cautious.

Daniel Lacalle
Daniel Lacalle
Author
Daniel 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.”
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