EU leaders agree on a stimulus deal, why has euro not responded?

In this episode, we are looking at the EU’s €750bn recovery plan agreed at the EU summit earlier this week. As put by the EU council president, Charles Michel, it is a ‘pivotal moment in history’ – but does it come at a price?

IGTV’s Jeremy Naylor is joined by Martin Essex, analyst and editor at Daily FX. Martin points out that there are now only €390bn in grants rather than originally targeted €500bn. The two discuss the rout between ‘the frugal four’ – Austria, the Netherlands, Denmark, and Sweden – and draw comparisons with 1984, when rebates were at the centre of conversation.

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