European governments will have to spend to accommodate inflation

It appears that we are staring down the barrel of a gun with regards to energy driven inflation in Europe this winter. We talked back in May 2021 about the potential for kinked supply curves to emerge whereby beyond a particular level of supply constraint, the price goes parabolic….

Winter is coming

Abhayjeet Singh Bal, credit analyst in Pemier Miton’s fixed income team, explains why they remain underweight in Europe as a result of continuing concerns about the impact of the energy crisis on European companies.