Markets Show Mixed Views on Europe's Debt and Climate Plans
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Markets signal investors are skeptical of further EU joint borrowing despite pandemic bond issuance.
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High carbon credit prices suggest investors believe Europe's green ambitions are credible.
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Italy's rising bond yields indicate its debt burden remains a concern for markets.
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The weak euro over the past decade reflects doubts about Europe's economic dynamism.
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Spain and Greece's bond spreads no longer send panic signals as in the euro crisis due to ECB backing.