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A Good Slippery Slope
"Sometimes a slippery slope is a good thing", wrote former trader Richard Breslow on Tuesday. "Without it, there could have been real long-term trouble".
He was, of course, referring to the EU recovery fund and the deal agreed in Brussels. As tipped Monday, the final agreement calls for the disbursement of €390 billion in grants and €360 billion of low-interest loans.
Angela Merkel who, together with Emmanuel Macron, unveiled her plan for an ambitious, jointly guaranteed rescue fund in May
