Europe's autumn budget crises threaten bond markets and reignite joint debt debate
France may not pass a budget for a year, Italy and Germany face political disruption, and economists are reviving the case for Eurobonds as yields climb
Wednesday, 26 August 2026Europe
Independent · Brussels & Berlin
Person
Senior Fellow, Bruegel
France may not pass a budget for a year, Italy and Germany face political disruption, and economists are reviving the case for Eurobonds as yields climb
The single currency hit 1.1369 against the dollar in mid-April, driven by capital flight from US assets and a brighter eurozone growth outlook, though German exporters face new headwinds.
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