Eurozone growth likely remained solid in the third quarter, but higher energy prices, rising long-term interest rates and sovereign bond tensions will weigh on activity.
France carries one of the eurozone's heaviest debt burdens, well above 100% of GDP. A default remains a tail risk, but the damage would extend beyond the French Treasury. It could spread through the banking system and eventually reach Singapore. ...
If Andy Burnham were to turn his eyes to the Continent, he would see that the eurozone is bracing for the greatest challenge since the Greek emergency of 2009-10.