the risk of European sovereign

Indeed, the risk of European sovereign debt has become a long-term “gray rhino”. Germany’s fiscal stimulus plan means that eurozone countries will ease fiscal constraints, leading to a continued widening of fiscal deficits and further loss of control over sovereign debt. The ECB previously issued a Financial Stability Review report warning that the sovereign debt risk in the eurozone is rising, threatening financial stability. The report highlighted that, due to some member states’ weak fiscal fundamentals, rising debt levels, and persistent budget deficits, along with low long-term growth prospects and increasing policy uncertainty, the market is becoming more concerned about the sustainability สล็อต เว็บตรง