The last 4 months have seen something ‘odd’ happen in Europe’s periphery. Sovereign ‘risk’ has conspicuously (and rationally) risen as macro-fundamentals have deteriorated – something that we have not seen since Draghi’s 2012 “whatever it takes” moment. For the first time since June 2015, Italian youth unemployment has risen above 40% and notably, Italian bond … Continue reading Italy Bond Risk Soars To 3-Year Highs As Youth Unemployment Tops 40%