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Jul 22 - 02:55 PM

EUR: Expect Some Disappointment From EU Parliament On The Ratification Of The Rcovery Fund - Danske

By eFXdata  —  Jul 22 - 01:30 PM

Danske Research flags a scope for some disappointment in the ratification process of the EU Recovery Fund.

"Following the agreement on a new EU budget as well as the recovery package yesterday, focus will now turn to the ratification process where the national parliaments will have to consent to expanding the so-called ‘headroom’.

Also the EU parliament will need to be heard. We do not expect the national parliaments to become a hurdle, but the EU parliament may likely be disappointed regarding the size of the final budget," Danske notes. 

Source:
Danske Research/Market Commentary

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