Europeâs Most Indebted Countries Arenât Ready for Market Reality
Apr 25 2021, 12:17 AM
April 24 2021, 9:30 AM
April 25 2021, 12:17 AM
(Bloomberg) -- Europeâs brightening economic outlook as Covid-19 vaccinations pick up is also accelerating the timetable toward a new danger.
(Bloomberg) -- Europeâs brightening economic outlook as Covid-19 vaccinations pick up is also accelerating the timetable toward a new danger.
As investors get ready for growth to break out, theyâre also preparing for the inevitable consequence: withdrawal of European Central Bank emergency funding. For the regionâs most indebted economies â including perennial standout Italy â that would put them face-to-face with market forces they canât handle. Citigroup Inc. is bracing for a taper of bond buying as early as June, and M&G Investments says itâs time to start shorting peripheral debt.