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EU debt's credibility problem is worsening

The European Unionโ€™s debt credibility is suffering from rising doubts, as well as rising rates. While yields are up across the 27-nation bloc, its jointly issued bonds now trade above those of France instead of roughly parallel. To close the spread the EU needs a shift in investor mindsets, and to make good on some revenue-raising promises.
Bruxelles Capitale Moritz Kraemer George Hay Oliver Taslic European Central Bank European Commission

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