Why 3 of Europe's biggest economies are paying a premium for borrowing as bond traders baulk at 'BIF' debt credibility
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Bond investors are exacting a heavy price from three of Europe's largest economies, which are struggling with a credibility crisis as the Iran conflict thrusts government borrowing back into the spotlight. "Britain, Italy and France have now become nations where spreads to what we'd call core nations — such as the U.S. and German government bonds — have been widening where there's been concerns about inflation and how effectively these sovereigns play their way out of it," said Craig Inches,
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