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As rates near their peak, pain begins for Europe's borrowers | Libby Cherry & Greg Ritchie / Bloomberg

Interest-rate hikes may be peaking in Europe, but for the consumers, companies and governments that borrowed trillions of euros during the era of ultra-low borrowing costs, thereโ€™s still plenty of pain in store. Through the end of this decade, borrowers across the continent face repayment on a mountain of debt…
United Kingdom United States United Kingdom General Jerome Powell Milton Friedman Amanda Lynam

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As Rates Near Their Peak, the Pain Begins for Europe's Borrowers

(Bloomberg) -- Interest-rate hikes may be peaking in Europe, but for the consumers, companies and governments that borrowed trillions of euros during the era of ultra-low borrowing costs, there’s still plenty of pain in store.Through the end of this decade, borrowers across the continent face repayment on a mountain of debt sold when financing costs were many times lower. Although the adjustment is painful in many places, including the US, it’s a particular shock in Europe, where i...
United Kingdom United Kingdom General United States Bloomberg Businessweek Claudio Irigoyen Jerome Powell
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