Here’s the one simple reason the EU deal matters for investors

The EU has agreed a deal to bail out the countries worst-hit by coronavirus. It's not the best deal on earth, but it is a very important one for investors. John Stepek explains why.

Angela Merkel and Emmanuel Macron © JOHN THYS/POOL/AFP via Getty Images
EU deal: not the best, but very significant
(Image credit: © Getty Images)

The European Union has agreed a deal. I’m not sure that it’ll inspire any hit musicals 200 years from now (although now that you mention it, “Whatever it takes” is quite a promising song title). But it does remove another potential roadblock to the ongoing rally.

Here’s what happened, and why it matters.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Explore More
John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.