It\u2019s been a decade since the Greek debt crisis dominated financial news.<\/p>\n
As the European Central Bank gets ready to embark on a rate-hike campaign \u2014 one official now is saying liftoff could come in June \u2014 and as Italian bond yields Relative and absolute levels have increased since 2011. Even with debt relief, Greece\u2019s debt-to-GDP ratio is higher, because its economy has shrunk. Only Germany and Ireland, where companies have relocated to take advantage of lower taxes, have seen their debt-to-GDP ratios fall.<\/p>\n Granted, interest rates are lower. The weighted average coupon has fallen significantly, and the maturity of debt is longer.<\/p>\n Uleer said that Spain and Italy are most in danger of seeing their interest costs relative to GDP catch up to 2011 levels.<\/p>\n \u201cDebt burdens have come down and the ECB has room to increase rates and stop its buying program. But the ECB\u2019s degrees of freedom are limited. If rates were to rise sharply for longer, we might well be facing Euro Crisis 2.0,\u201d said Uleer.<\/p>\n Fran\u00e7ois Villeroy de Galhau, the Bank of France governor and European Central Bank governing council member, said Friday that it would be \u201creasonable\u201d to have interest rates in positive territory by the end of this year, which would require three quarter-point rate hikes.<\/p>\n The euro It\u2019s been a decade since the Greek debt crisis dominated financial news. As the European Central Bank gets ready to embark on a rate-hike campaign \u2014 one official now is saying liftoff could come in June \u2014 and as Italian bond yields TMBMKIT-10Y, 4.397% are now a full 2 percentage points higher than German bund …<\/p>\n","protected":false},"author":1,"featured_media":36177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[161],"tags":[],"_links":{"self":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/36176"}],"collection":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/comments?post=36176"}],"version-history":[{"count":0,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/36176\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media\/36177"}],"wp:attachment":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media?parent=36176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/categories?post=36176"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/tags?post=36176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n TMBMKIT-10Y,
\n
\n are now a full 2 percentage points higher than German bund yields
\n TMBMKDE-10Y,
\n
\n Deutsche Bank strategist Maximilian Uleer decided to compare where the eurozone stood versus a decade ago.<\/p>\n\n <\/div>
\n <\/div>
\n EURUSD,
\n
\n has dropped 8% vs. the dollar this year.<\/p>\n<\/p><\/div>\n<\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"