EU is finally ready to tap markets in a $900 billion stimulus push

Tuesday, June 1, 2021 | Tag Cloud Tags: , , , , , , , , ,

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(Worthy News) – The is finally ready to raise much-needed funds from public markets and boost the economies of its 27 members after the severe shock from the crisis.

The bloc took an unprecedented decision in July to jointly raise capital to fund the economic recovery — a fiscal effort worth 750 billion euros ($917 billion). This stimulus is on top of what the individual governments have already deployed in the wake of the pandemic.

Now that all the legislative steps have been taken, the European Commission is able to tap capital markets in search for those funds as early as this month. [ Source: CNBC (Read More…) ]

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