EUR News
LAST UPDATE: September 3, 2025
UK pays high price to sell record £14 billion of government debt
The UK managed to issue £14 billion in 10-year gilts amid strong demand, but at the highest yields since 2008.
Insight
Demonstrates market confidence in UK bonds, tempered by rising interest costs that challenge fiscal flexibility.
UK long-term borrowing costs hit highest level since 1998 as pound falls
Long-term gilt yields surged to highs not seen since 1998, while the pound dropped sharply amid fiscal concerns.
Insight
Reflects investor anxiety over debt sustainability and adds pressure on fiscal policy ahead of budget planning.
UK government remains committed to ‘robust fiscal rules’, says PM’s spokesperson
The Prime Minister’s office reiterated its unwavering commitment to fiscal rules amid market unrest and bond sell-off.
Insight
Aims to bolster credibility and reassure investors of the government’s financial discipline.
France pushes for EU leaders to weigh in on 2040 climate goal
France is pushing for the 2040 EU climate goal debate to be elevated to the heads-of-state level.
Insight
Suggests growing political urgency and contention in reaching consensus on long-term climate strategy.
Norway’s three candidates for prime minister
Norway’s parliamentary race features three leading candidates vying for the prime minister position.
Insight
Reflects stable democratic processes in transition, with potential policy continuity despite leadership change.
Turkey Opposition Chief Mulls New Candidate to Challenge Erdogan
Turkey’s opposition is considering the mayor of Ankara as a unified candidate to challenge President Erdoğan.
Insight
Indicates strategic adaptation amid political fragmentation to consolidate anti-incumbent forces.
Turkish assets plunge after senior opposition leader ousted
Markets plunged following the court-ordered removal of the Istanbul opposition party leadership.
Insight
Underscores fragility of political foundations and how legal-political maneuvers can trigger economic instability.
