Like a rudderless ship, France is sailing straight for the same cliffs that broke the Greek economy 15 years ago. Will President Macron meet his Waterloo in the hallowed hallways of the IMF?
Slovakia faces the same budget dilemma as Germany. Whether Prime Minister Fico will match Chancellor Merz’s bold move to announce an end to the welfare state remains to be seen.
The U.S. Congress has ignored the budget deficit for decades. Debt investors have almost run out of patience. Will Congress address the problem—or continue to play for time?
If Congress decides to compensate NATO for insufficient European funding, they may have a run-in with the investors on the market for U.S. government debt.
After months of falling, U.S. interest rates are rising again. There is no apparent economic reason for this, which suggests that investors are worried about government solvency.
