EU agreement: a powerful answer that can lift further EU assets and ESG investing
Amundi Institute, Investment Talks
The Recovery Fund will increase the resilience of the EU, but it will not stabilise activity in the next 12 months. Indeed, this Recovery Fund will not be operational before the first quarter of 2021. The economic impact will not be felt until 2022. Cyclical stabilisation policies therefore remain the responsibility of the Member States.
The agreement reached among EU leaders at the end of the longest European Council in history regarding a comprehensive package worth €1,824bn – including the Multiannual Financial Framework (MFF) and the Next Generation EU (NGEU) instrument – is a significant achievement and a net positive in the short term for EU assets.
