The Eurozone: On the Edge of Crisis
The bailout of Banca Monte Dei Paschi di Siena, Italy's third-largest bank, was the first to take place after the eurozone instituted its "bail-in" rules. But those rules' apparent failure adds another layer of risk for the currency union.
(GIUSEPPE CACACE/AFP/Getty Images)
As they look at the turbulence ahead in 2017, European policymakers are watching the eurozone's bond market with concern. A selloff in government bonds, following the trend worldwide, is adding stress to its already vulnerable economies, especially in Southern Europe. Officials' concerns are magnified by the uneven pace of the...
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