Bundesbank executive board member Michael Teurel said that the recent sell-off of European bonds is a “clear warning sign” and investors are concerned about government measures to control debt. Affected by concerns about political and economic difficulties, the French bond market plummeted, and turmoil spread to other highly indebted countries in the Eurozone. Teurel and International Monetary Fund Managing Director Georgieva called on governments to urgently address problems such as huge debt, and that fiscal spending should focus on investment projects that can drive growth.

Bundesbank executive board member Michael Teurel said that the recent sell-off of European bonds is a “clear warning sign” and investors are concerned about government measures to control debt. Affected by concerns about political and economic difficulties, the French bond market plummeted, and turmoil spread to other highly indebted countries in the Eurozone. Teurel and International Monetary Fund Managing Director Georgieva called on governments to urgently address problems such as huge debt, and that fiscal spending should focus on investment projects that can drive growth.