Eurozone sovereign bond markets are in the eye of the storm. High borrowing costs and a fragmented sovereign issuances in Europe may be overcome in the future if fiscal consolidation and structural reforms deliver economic growth and greater integration by filling gaps in competitiveness among member states. Yet, time runs short as borrowing costs remain high, despite ECB intervention, and contagion may spread to countries considered so far relatively ‘safe’. This seminar will look at trends in markets over the past year and how sovereign debt markets are functioning in convulse circumstances. The Greek debt restructuring, the ECB intervention and the broader options to solve the crisis will be part of this panel discussion.
Participation in this event is free of charge for ECMI, CEPS members and employees of the EU institutions. Non-members may be admitted for €100, paid in cash at registration. A sandwich lunch (€6) will be served before the event, from 12:30 onwards.