debt-sustainability
Top StoriesSri Lanka’s President, Cabinet Set to Resign, Central Bank Governor to Stay
Top StoriesExplainer-Why a French Plan to Take Full Control of Edf Is No Cure-All
Top StoriesUK Faces Unsustainable Debt Burden Unless Taxes Rise, Watchdog Warns
Top StoriesFrance Plans Full Nationalisation of Power Utility Edf
Germany Tells Ecb: We’re Doing Our Bit to Fight Inflation
Date: July 1, 2022
BERLIN (Reuters) -The European Central Bank need not worry about Germany’s budget when making policy to fight inflation in the euro zone, German Finance Minister Christian Lindner said on Friday, presenting plans to return to national debt brake rules in 2023. Lindner said the 2023 draft budget, marked by consolidation efforts, took away the risk...
Exclusive-ECB to Channel Cash From North to South in Bid to Cap Spreads – Sources
Date: June 30, 2022
By Francesco Canepa and Balazs Koranyi SINTRA, Portugal (Reuters) – The European Central Bank will buy bonds from Italy, Spain, Portugal and Greece with some of the proceeds it receives from maturing German, French and Dutch debt in a bid to cap spreads between their borrowing costs, sources told Reuters. The ECB will kick off...
ECB Support Should Be Limitless if Fragmentation Unwarranted: Wunsch
Date: June 28, 2022
By Balazs Koranyi SINTRA, Portugal (Reuters) – The European Central Bank should offer limitless support without onerous conditions to euro zone members facing an unjustified surge in borrowing costs but should be careful in granting eligibility for this aid, ECB policymaker Pierre Wunsch said. Facing a surge in yields on Europe’s southern rim that resurrected...
Leaping Debt Costs Add to UK Government Borrowing in May
Date: June 23, 2022
By William Schomberg and Andy Bruce LONDON (Reuters) – Surging debt interest costs triggered by the leap in inflation forced the British government to borrow more than expected in May at 14 billion pounds ($17.14 billion), according to official data published on Thursday. Economists polled by Reuters had a median forecast of 12.0 billion pounds...
Analysis-Italian Banks’ Government Debt Risks: Real or Just Deja-Vu?
Date: June 20, 2022
By Valentina Za MILAN (Reuters) – A plunge in shares in Italian banks, sparked by rising government bond yields, has reawakened memories of the 2011-12 debt crisis and rekindled concerns over lenders’ vulnerability to sovereign risks. The sovereign-bank link, which became a “doom loop” of mutually reinforcing risks a decade ago, compounds problems for Italian...
ECB to Devise New Tool to Help Indebted Euro Zone Members
Date: June 15, 2022
FRANKFURT (Reuters) – The European Central Bank will skew reinvestments of maturing debt to help more indebted members and will devise a new instrument to stop fragmentation, it said on Wednesday, seeking to temper a market rout that has fanned fears a new debt crisis. Government bond yields have soared on the 19-country currency bloc’s...