Iran Is Now Setting Europe’s Interest Rates
The war in Iran has reached Frankfurt. Not through diplomacy. Through inflation. The European Central Bank has raised its deposit rate by another 25 basis...
Tag: European bond
Germany Is Discovering the Price of Fiscal Power
For more than a decade, Germany’s bond market was defined by scarcity. The country borrowed little, balanced its budget whenever possible and transformed fiscal restraint...
When the Dollar Coughs: Trump’s Trade Crusade Jolts the FX Markets
As U.S. equities stumbled this month, something rather peculiar happened. The dollar—usually the market’s comfort blanket when things go awry—didn’t just fail to rise; it...
Europe needs 500 billion euros for 2023
The support measures for the energy crisis will be expensive for Europe. The problem with this is that unlike the past eight years, when the...