Spain Election Quandary Tests Sovereign-Bond Investors’ Resolve
The nation’s securities were relatively stable as the European Central Bank bought sovereign debt in Spain and across the 19-member bloc after embarking on a stimulus plan in March. QE helped buffer Portuguese bonds from a selloff in October.
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Fitch Affirms Germany at ‘AAA’; Outlook Stable
According to Fitch’s long-term debt sustainability analysis, the 60% Maastricht threshold should be reached by around 2020. The downward debt trajectory improves the sovereign’s shock-absorbing capacity. Fitch expects GDP growth to reach 1.9% in 2016 …
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Terrorism, Migrants, and Crippling Debt: Is This the End of Europe?
In rough order of prominence, they are: homegrown terrorism, the largest migration of people since World War II, sovereign debt, doubts about the euro’s viability, the rise of extreme right-wing parties such as France’s National Front, Russia’s menace …
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