Are the Europeans jealous at how easily the US has been able to fund its debt? Maybe. They seem to be moving onto the US’s turf, as first Germany and now Austria, are set to issue bonds denominated in dollars.
Austria will sell a 3-year bond, like the Germans before them.
If the US were to issue bonds in foreign currencies, it would be seen as a tremendous embarrassment by global markets, hearkening back to the Carter bonds of the 1970s, sold to raise proceeds for intervention.
No such stigma for Europe, apparently.
In German political news, Reuters reports that the latest polling suggests that Merkel’s Christian Democrats should be able to form a center-right government along with the Free Democratic Party.
