Europe’s Debt Trap

A new wave of sovereign risk is washing over European economies, with the UK and France most vulnerable as they navigate fiscal fragility, political instability, and cratering bond market confidence. Will the UK and France need bailouts from the IMF’s limited funds? Are they “too big to save”? William examines how each country got to this point of debt reckoning and how Trump’s tariffs have upped the stakes. The Bond Vigilantes, he warns, smell blood. … Also: Not only in Europe have Trump’s actions—his tariffs and attempts to abolish the Fed’s independence—rained problems on world economies.