Europe Is Becoming the Ungovernable Continent
For European governments clinging to a shrinking center ground, the pretense of business as usual is giving way to an implicit admission that some paralysis and turmoil is probably here to stay.
That may turn to panic before long with the far-right polling strongly for the next elections in Germany, France and the UK.
Bond markets are acknowledging the strain in the latter two, with long-term debt yields spiking.
Such warning lights signal that the patience of investors can’t be taken for granted.
Bloomberg 18 September 2025


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