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FEU - Eurozone Debt Disputes Make An Unhappy Union
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By David Zahn, CFA, FRM, Head of European Fixed Income, Senior Vice President, Franklin Templeton Fixed Income Group
When investing in sovereign debt, there is a level of trust involved - faith a government will return an investor's principal plus interest without fail. But Franklin Templeton Fixed Income doesn't see this as blind faith; it must be backed by verifiable economic metrics. In this excerpt from the latest "FT Thinks," our Head of European Fixed Income David Zahn outlines how governments have changed in Europe, and how new politicians with fresh agendas can