eu crisis

The Economic Cost of High Bond Yields

The Economic Cost of High Bond Yields

Readers Question I’ve recently been looking up on the Eurozone financial crisis for random reasons and i don’t understand the statement in an FT article about what we must acknowledge in order to overcome the Eurozone problems. The statement goes ‘no country can be expected to generate huge primary surpluses for long periods for the benefit of foreign creditors’. Please can you help?! Firstly, it is not an easy article – there is a lot of jargon! To quote: “A fundamental shift of tack is required, towards an…