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Zach Abraham Featured by Business Insider

Zach Abraham was one of the industry experts quoted in the recent Business Insider story, “The European Union’s $826 billion stimulus plan to battle the coronavirus is ‘too small and too late.’”

Zach Abraham told Business Insider that the EU fund is a mere “stop gap” plan of action.

“While the EU relief package will certainly help things in Europe, it appears to be more of a stop gap measure and pales in comparison to actions taken by the US government,” said Zach Abraham, chief investment officer at Bulwark Capital Management.

In its current structure, Abraham said, the EU cannot survive. What will likely happen is that Germany will back down on European Central Bank guidelines that restrict quantitative easing and other forms of monetary stimulus, and countries such as Italy and Spain will be forced to leave, he said.

Other comments from the article

While analysts at Bank of America believe the EU fund is a decent starting point to negotiations, they say it is “too small and too late” for urgent economic needs. Compared to the Franco-German proposal, Bank of America analysts called the EU’s latest recovery fund “tentative good news.”

Goldman Sachs analysts praised the plan as more “ambitious” than the Franco-German proposal valued at €500 billion. Analysts said that it was “close to the Franco-German proposal, but somewhat more ambitious on the loan-based mechanisms for investment.”

Read the whole article here:

https://www.businessinsider.com/what-eu-826-billion-covid-19-stimulus-package-means-2020-5

The story was also republished by MSN Spain and Libertatea, a top-tier publication in Romania:

https://www.msn.com/es-es/dinero/economia/el-plan-de-est%C3%ADmulo-de-750000-millones-de-euros-de-la-uni%C3%B3n-europea-contra-el-coronavirus-es-demasiado-peque%C3%B1o-y-llega-demasiado-tarde-dicen-los-analistas/ar-BB14Oh1r

https://www.libertatea.ro/stiri/ce-se-intampla-lume-era-covid-3019159