TAMPA,
Fla., Dec. 23, 2024 /PRNewswire/ -- In a new
research paper, DoubleLine Global Bond Portfolio Manager
Bill Campbell foresees durably
elevated risk premia on the sovereign debt of France and downward pressure on the euro as
the two largest member states of the European Union struggle with
political disunity over fiscal dilemmas ahead of serious challenges
from Donald Trump's return to the
White House.
"Since the formation of the European Common Market in 1957 and
its transformation into the European Union in 1993, Germany and France have formed the core of the European
project," Mr. Campbell writes. "The continent's first- and
second-largest economies have entered fiscal and governing crises
on cusp of the U.S. under the second presidency of Donald Trump confronting the EU with strategic
challenges on commercial, fiscal and defense fronts. I will survey
the states of play in France and
Germany, characterized by
political limbo if not outright paralysis, in a context of internal
economic anemia and fast-approaching yet still incipient challenges
from the next administration in Washington."
To read the research paper, titled "Terrible Trifecta:
Paris and Berlin in Crisis as Washington Takes Up Trump
2.0 Agenda," click on this link:
https://doubleline.com/wp-content/uploads/Terrible-Trifecta_Paris-Berlin-Washington_12-23-2024.pdf
About DoubleLine
DoubleLine Capital LP is an investment adviser registered under
the Investment Advisers Act of 1940. DoubleLine's offices can be
reached by telephone at (813) 791-7333 or by email at
info@doubleline.com. Media can reach DoubleLine by email at
media@doubleline.com. DoubleLine® is a registered trademark of
DoubleLine Capital LP.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/doubleline-paper-paris-and-berlin-in-crisis-as-washington-takes-up-trump-2-0-agenda-302337987.html
SOURCE DoubleLine