The Eurozone Debt Map Has Flipped: Belgium Borrows Like Greece, France Pays More Than Italy
Fourteen years after the euro crisis, the old map of debtors and creditors no longer works: the yield on Belgium's ten-year bonds (4.29%) has almost caught up with Greece's (4.35%), while France pays more than Italy. Experts link this to deteriorating fiscal policy in the 'core' and the recovery of the former periphery. Against the backdrop of record borrowing in 2027, refinancing risks are growing, the IMF and analysts warn.
Nilufar Karimova