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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…
(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 interest rates
A DATABASE has revealed who is funding Scottish MPs - but who is funding politicians in Labour, the Liberal Democrats and Alba?
RAC calls on the Government to ease taxes on petrol, which represents more than four fiths of the pump price