In an environment of extremely low interest rates, common to all the advanced countries, fiscal policies play a 2/7  BIS central bankers' speeches  particularly important role. From this perspective, the European spending package to help the ‘Next Generation EU’ must enable the rapid distribution of the resources envisaged to individual countries, to be used for timely and effective structural programmes.
Not only because, it is one day closer to the rains which will bring some relief and transform the brown landscape to a lovely hue of green. Today is a good day because it is one of those days when economics comes to life.