Europe's Sovereign Debt Market Is Flashing Red - Seeking Alpha
Europe's Sovereign Debt Market Is Flashing Red - Seeking Alpha
Source: Seeking Alpha
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DW NOTE
The continent that spent a decade at negative yields is now discovering what happens when bond vigilantes return and the ECB cannot print enough to paper over structural deficits. Fiscal union was always the implicit promise behind monetary union — Europe simply never delivered the fiscal part.