European Debt Crisis Memories Rattle Markets, Defy Confidence
- Bond yields jump from France to Greece on political concerns
- Quickening German inflation also raises doubts on ECB support
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Europeans are more confident about their economy than they’ve been in nearly six years, but you wouldn’t know it by looking at the markets.
Investors dumped bonds and stocks across the region on Monday, spurred by a confluence of risks that echoed the euro-zone debt crisis. French and Italian election campaigns stoked concerns over the rise of anti-euro political powers, while inflation in Germany signaled European Central Bank stimulus may not last much longer. Meantime, Greece, the catalyst for the original crisis, reached another crossroads with its creditors.