The European Union's $826 billion stimulus plan to battle the coronavirus is 'too small and too late,' analysts say
, fund on May 18. Although the Franco-German proposal was based entirely on grants, basically giving money to EU countries, the Commission's proposed fund expects to borrow loans from the global financial markets.
with about 20% each for Italy and Spain, significantly higher than 10% for France and 7% for Germany. Erlam said it is too early to know whether the €750 billion plan will be sufficient, or whether it will be disbursed effectively. Although there is plenty to be critical of with respect to Europe's response, investors are clearly encouraged by the substantial proposed amount, he added. David Herro was the world's best international stock picker for a decade straight. He breaks down 8 stocks he bet on after the coronavirus decimated markets — and 3 he sold.
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