Eurozone has two years to agree fiscal union – DB Advisors
The viability of the Eurozone project continues to weigh on fixed income market, says chief investment officer of DB Advisors.
The Eurozone has a maximum of two years to agree fiscal union or investors will start to insist on higher bond yields, DB Advisors’ chief investment officer for Europe warned last month.
Georg Schuh said it was up to the major Eurozone economies to make the deal quickly as this would be the primary focus of investors in the short term.
“We have to see what the outcome is of the €750 billion package [to underpin sovereign debt in the Eurozone] decided on May 9 and 10,” said Schuh during a
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