Ed Yardeni: “Bond Vigilantes” Get to Work in the Eurozone.

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A very interesting and short interview. ”Bond vigilantes refer to the ability of the bond market to restrain a government’s ability to over-spend and over-borrow. Ed Yardeni coined the term 30 years ago and says they recently returned to install fiscal discipline in the Eurozone.”

M.M.: Credit Suisse is doing a great job covering the NZZ Capital Markets Forum.

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