For the first time since 2007, France’s bonds are now considered riskier than Spain’s—a symbolic reversal that underscores the extent of its financial market woes....
Last week, several ECB members were responsible for pushing back expectations regarding the speed at which borrowing costs would decrease. The message got through, and...
Russia invaded Ukraine last year, mistakenly believing it would be a short and glorious war. Its theory of victory now involves prolonging the war, creating...