Current EU Crisis to Boost Solidarity, Not Fragmentation

PGIM Fixed Income

May 2020

By Mehill Marku, Senior Investment Strategist

Given the formidable list of crises faced by the EU, it is understandable why the fragmentation narrative still holds sway among some market participants.

However, EU governments and institutions have acted determinedly to stave off the negative consequences of each crisis. In the process, they have ultimately restored market confidence in Europe’s ability to repeatedly rally around a common goal of strengthening the Union’s institutions and their ability to respond to future crises.