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Could the European Recovery Plan Actually Break Europe Apart?

The EU’s Recovery Plan agreement has been widely hailed, but some argue that it is taking Europe down a dangerous path.

By Nathaniel Whittemore
AccessTimeIconJul 24, 2020 at 7:00 p.m. UTC
Updated Sep 14, 2021 at 9:35 a.m. UTC
European Union Recovery

(DesignRage/Shutterstock)

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The European Union’s Recovery Plan agreement has been widely hailed, but some argue it is taking Europe down a dangerous path.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

This episode is sponsored by Bitstamp and Crypto.com.

Today on the Brief:

  • Which industries are recovering the best
  • China retaliates against U.S. after consulate shutdown 
  • Dollar heads toward its worst month since 2018

See also: What If the Too-Strong Dollar Is a Solved Problem? Feat. Jon Turek

Our main discussion features returning guest Tuomas Malinen, CEO of GnS Economics.

In this discussion, Tuomas and NLW discuss:

  • An outline of the European Union’s new recovery plan
  • The new debt issuance structure that marks a first for Europe 
  • The challenges of currency unions 
  • How Europe’s debt crisis changed how Europeans think about economic integration
  • Why the current plan amounts to “stealth federalization” 
  • Why some member states are in a state of mutiny over the fund

Find our guest online:
Website: GnS Economics
Twitter: @mtmalinen

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

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