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Avanza Previsión: “Spanish debt is holding up, but it cannot remain decoupled indefinitely from the pace set by Germany and France”
['The Corner Has A Team Of On-The-Ground Reporters In Capital Cities Ranging New York To Beijing. Their Stories Are Edited The Teams At The Spanish Magazine Consejeros', 'For Members Of Companies', 'Boards Of Directors', 'At The Stock Market News Site Consenso Del Mercado', 'Market Consensus . They Have Worked In Economics', 'Communication For Over Years.']
The Corner
The rise in funding costs reflects growing political and fiscal tensions in France, as well as Germany’s increased borrowing requirements.
Although Spanish debt is showing greater relative resilience, the writer maintains that “to believe this resilience amounts to an island of immunity would be an exercise in dangerous blindness”.
Reported by Sergio MensaqueThe European sovereign debt market is undergoing a period of profound upheaval, breaking through technical barriers that seemed consigned to the past.
This rise in borrowing costs acts as a poison that permeates the entire economy, choking off credit for households and businesses.
Whether we like to admit it or not, market discipline acts as a relentless pendulum that always exacts the price for excess.