Bunds at risk in eurozone 'solution'
Marcus Ashworth, head of macro strategy at Espirito Santo Investment Bank, says a solution in Europe is near. But if the European Stability Mechanism (ESM) is used to back the mooted redemption fund, bund yields will rise and the solution will harm the core while helping the periphery. Gilts will be one of the beneficiaries.
Produced by Marguerite de Chaumont Quitry