In this episode of Credit Compass, Gordon Kerr, KBRA’s European Macro Strategist, discusses Germany’s credit story as it shifts between labour-market pressure, rising insolvencies, Schuldschein stress, and a potentially important pension-reform proposal. The episode also explores defensive European Union (EU) trade measures, artificial intelligence (AI)-related debt issuance, and why European Central Bank (ECB) rate risk remains relevant for European credit investors.

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