French Fiscal Risks Raise Chance of ECB Pause After December
20 Articles
20 Articles
Public debt in Europe is becoming increasingly a risk to the financial markets. Bundesbank Executive Board member Michael Theurer calls for a long-term strategy – and no premature intervention by the ECB.
The pressure on French securities reflects the difficulty of reconciling the need to reduce the deficit with political fragmentation and resistance to adjustment measures. With the presidential election of 2027 on the horizon, doubts about the ability to stabilise the debt of the second largest euro area economy keep investors on the alert. A possible spread of turbulence to other countries, especially Italy, is a risk to be followed, although i…
The risk of a European sovereign debt crisis has increased significantly after the recent wave of bond market selling sent a clear warning to governments, said Michael Theurer, a member of the board of the German Bundesbank, in an interview with Deutschlandfunk, according to a Bloomberg report.
Protothema
Pentapostagmantv refers to the risks that French debt could pose for the Eurozone, while Focus refers to the Greek tax lure for foreign pensioners.
Bundesbank board member Theurer warns against the consequences for European financial markets in the face of a high level of public debt.
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