Europe faces an awkward bind. Borrowing costs across the continent rose today for the first time since 2023, even as its economy has slipped into reverse.

The squeeze lands unevenly: hardest on the high-debt south, on a stalling France, and on a Spain that leads on growth but now tops the inflation tables. Weak growth and sticky prices are colliding.

Today’s Europe Intelligence Brief covers the region’s finance, markets, economy, and politics. We pulled it together from German, French, Italian, Spanish, Dutch, and English sources.

The High-Debt South — Bracing for Costlier Money

A Heavier Burden