EU post-Covid rescue scheme cuts debt for worst hit

James Wallace, Contributing Editor, Real Asset Media

James Wallace, Contributing Editor, Real Asset Media, tells The Real Asset Day that the EU reached a landmark deal that shows solidarity in a time of crisis and will bind the block together, but it is important that the resources be distributed quickly and then allocated wisely.

There is a risk of moral hazard as the EU will not have enough oversight over how and where the money is spent

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