Market readies for era of loose spending

By Jasper Cox, Phil Thornton
05 Dec 2019

A major push towards fiscal easing in Europe, which could be a key driver of capital markets in 2020, looks more likely after the junior partner in Germany's governing coalition elected leaders who are calling for more public investment. Government debt in some other EU countries is already at record levels while demographic changes could push it higher.

The surprise election of Saskia Esken and Norbert Walter-Borjans as leaders of Germany’s Social Democratic Party might herald more fiscal loosening in the country. The pair, from the left wing of the party, are calling for more public investment, which is putting the governing coalition with the Christian ...

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