CRASH in 2008 erased near to all gains
small countries have less trader activities on exchanges like ATX .
That make it volatil in case of glaobal crises like 2008 lehman brothers or now pandemic stiuation.
Any 2nd wave would bring ATX more like below 1500points ans it would took like 7 years for recovery up to 3000points again.
We will see, can a small cap country recover after this lock down?
Ideal long term trade range would be 2300 -3300point. (max. 50%)
importand day: 19june 2020
If EU falls, austria falls soft
If Germany , austria falls harder
A recovery plan for Europe
To support EU citizens and countries in the recovery from the economic downturn caused by the COVID-19 pandemic, EU leaders decided to work towards a recovery plan for Europe. On 23 April 2020, they committed to establishing an EU recovery fund aimed at mitigating the effects of the crisis.
On 27 May 2020, the European Commission presented its proposal for the recovery plan, including:
a revised long-term EU budget of €1 100 billion for 2021-2027
a temporary reinforcement of €750 billion (Next Generation EU)
These elements are in addition to the three safety nets of €540 billion already put in place by the EU to support workers, businesses and countries.
The Council will now analyse and assess the proposal. In parallel, the President of the European Council will consult with member states ahead of the next European Council on 19 June 2020.