OLD FAULT LINES ARE THREATENING TO ROCK THE EUROZONE

What happened: The article says old Eurozone fault lines are reappearing as political risk rises alongside a global bond selloff. It cites a widening French-German 10-year bond spread and upcoming elections in Spain. Key numbers: French-German 10-year spread around 150 basis points. Why it matters: The article says France is now the weakest link, and that the ECB's untested TPI rests on judgement calls about disorderly markets. It notes the core, not the periphery, now poses existential questions for the European project.

The article says old Eurozone fault lines are reappearing as political risk rises alongside a global bond selloff. It cites a widening French-German 10-year bond spread and upcoming elections in Spain.

The article says France is now the weakest link, and that the ECB's untested TPI rests on judgement calls about disorderly markets. It notes the core, not the periphery, now poses existential questions for the European project.