What does German stimulus and US-China tensions mean for Adidas?
Adidas seems to have got some tailwind lately with a VAT reduction in Germany starting in July and better Q2 sales in China compared to last year.
Divided Europe: The battle between loans and grants
The EC is due to present today its proposal of EU budget for the period 2021-27 and the details of the recovery plan. It will open a long and intense period of negotiations between member states regarding the financial instrument that could be used (loans or grants) to help countries in need. A final agreement is expected by at the next EU Council meeting in June. In the interim, Europe is once again wasting precious time needed to fight the crisis.