We need to bring inflation and borrowing costs down.We will do that by keeping a tight grip on day-to-day spending and enforcing fiscal rules.Fiscal rules are non-negotiable.
These comments follow the surge in long term yields that are making borrowing costs to rise further. The rise in long term yields for the advanced countries is a global phenomenon as market participants don’t like the persistent high government spending coupled with dovish central banks.
This article was written by Giuseppe Dellamotta at investinglive.com.