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Pocketmags Digital Magazines
Pocketmags Digital Magazines


Europe holds its breath as France heads to the polls and also looks towards the German elections later this year

Counterpoint European politics

In July 2012, at the height of the eurozone sovereign debt crisis, Mario Draghi famously said the European Central Bank (ECB) would do “whatever it takes” to preserve the euro. The remarks, coupled with his bank’s increasingly interventionist stance, provided a badly needed tonic for the currency bloc’s bond markets.

However, the ECB’s success in suppressing bond yields may be in danger of unravelling. For the past six months, yields have been creeping higher. Much of this increase reflects economic fundamentals within the eurozone, in particular rising inflation.

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