Investors want more urgency from Europe in tackling its economic problems

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Financial Times 13h ago

Investors want more urgency from Europe in tackling its economic problems - Financial Times

Quick Summary:

When investors and politicians talk about Eurozone yield convergence, they generally mean a collective push down to German borrowing costs, not a sweep up to Italy’s, but here we are.

The Draghi report, as it is widely known, is intended to be a galvanising force that brings about real and urgent change, boosting ambition and slashing the burden of regulation.

One striking feature of that period, though, was that it showed Europe does take decisive action when its markets — particularly its bonds and currency — are in freefall.