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Europe’s Indebted Nations Are Starting to Blink at Market Wrath

Key Points

Tax & Spend Europe’s Indebted Nations Are Starting to Blink at Market Wrath Europe’s political class is showing the first signs of bending to the will of an unforgiving bond market. Budget policies and discourse from London to Paris and Rome have taken baby steps toward prudence in the past couple of weeks as surging yields and soaring interest-rate costs drummed up memories of the euro-zone debt crisis.

Tax & Spend Europe’s Indebted Nations Are Starting to Blink at Market Wrath Europe’s political class is showing the first signs of bending to the will of an unforgiving bond market. Budget policies and discourse from London to Paris and Rome have taken baby steps toward prudence in the past couple of weeks as surging yields and soaring interest-rate costs drummed up memories of the euro-zone debt crisis.
Europe (LOCATION) Indebted Nations (ORG) Market Wrath Tax & Spend Europe’s (ORG) London (LOCATION) Paris (LOCATION) Rome (LOCATION)
Originally published by Bloomberg Markets Read original →