Scope Ratings | The EU’s forceful crisis-response will increase supply of highly rated euro-denominated government and supranational bonds, which could weaken the sovereign-banking nexus and bolster the euro’s international role.Read More
Intermoney | Unlike the last crisis, Europe does not want to make an example of any country and Germany has sided with the stimulus and economic revival. This has been a turning point and has allowed the EU to gain a vote of confidence. However, it also has negative side effects in the form of the appreciation of the euro to 1.154 against the dollar on the day the agreement was announced. This was equivalent to highs not seen since January 2019.