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2025-09-16 23:03:04
[Oxford Economics: Another sovereign debt crisis in the eurozone is "not impossible"] Angel Talavera of the Oxford Economics Institute said that the possibility of another sovereign debt crisis in the eurozone is low, but "not impossible." In a report, he pointed out that concerns about French debt and rising French bond yields have raised concerns that the eurozone debt crisis may recur. Although the eurozone structure is still imperfect, the European Central Bank has now become a reliable backstop. But he said that serious problems in large economies like France could still cause widespread damage to financial institutions and the economy. "The key question is: Is the eurozone better prepared than before to avoid sovereign debt and financial crises? We believe that the short answer is yes. But the more detailed answer is more subtle and paints a far less optimistic outlook," Talavera said.
