Stress in the Club Med countries
Jun 03, 2022
Italian and Spanish 10 year bond yields have been creeping upwards since the pandemic and are now reaching levels above the ones seen in 2015. This puts stress on the periphery of the Eurozone. Governments need to fight inflation and an energy crisis at a moment where cost of debt is increasing and their biggest creditor, the ECB, plans to shrink its balance sheet.
