We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Flattering to deceive

1 August 2014 By Swaha Pattanaik

Regional borrowing costs have fallen. But so has inflation. Adjust for national price rises, and bond yields don’t look so low for Spain or Italy. The periphery most needs a pick up in inflation to erode debt. And Germany looks to benefit most from lower real interest rates. 

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)