Bloomberg Best features the best stories of the day from Bloomberg Radio, Bloomberg Television, and over 150 Bloomberg News bureaus around the world. Hosted by Ed Baxter and Denise Pellegrini.
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The European Recovery Fund will serve more as a medium-term boost to growth than a quick cash injection in line with the U.S. fast stimulus package. That's according to Bert Colijn, senior euro-area economist at ING. In the short-term, the U.S. will grow faster but Europe stands to gain significant investment, boosting overall GDP growth for longer. He speaks in an episode of The Brussels Edition with Bloomberg's Maria Tadeo.