The 10 Minute Take - The Eurozone’s Next Crisis

Apr 02, 2020 | Brian Moore


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"The 10-Minute Take" podcast provides insights from RBC economists and market experts on events unfolding around the globe.

The 10 Minute Take Podcast

Good news, the rate of growth of new COVID-19 cases in Europe appears to be slowing. Bad news, the economic cost is just beginning to hit home. With a deep and broad recession underway, the eurozone is again divided over how to stabilize the economy and pay for its recovery. Ideas for joint action, from procurement of protective equipment to unemployment benefits, are coming by the day. But there’s no agreement on how to backstop the enormous debts member countries will incur. RBC’s London-based macro strategist Peter Schaffrik explains how the continent will bridge its newest divide.

 

Click here for the full podcast; The 10 Minute Take.