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Markets
Dec 2024

Terrible Trifecta: Paris, Berlin and Washington

Since the formation of the European Common Market in 1957 and its transformation into the European Union (EU) in 1993, France and Germany have formed the core of the European project. The continent’s second-largest and largest economies, respectively, have entered fiscal and governing crises on the cusp of the U.S. under the second presidency of Donald Trump confronting the EU with strategic challenges on commercial, fiscal and defense fronts. I will survey the states of play in France and Germany, characterized by political limbo if not outright paralysis, in a context of internal economic anemia and fast-approaching yet still incipient challenges from the next administration in Washington. 

ABOUT THE AUTHOR

ABOUT THE AUTHOR

  • Bill Campbell

    Portfolio Manager
    Global Sovereign Debt

    Bill Campbell

    Portfolio Manager
    Global Sovereign Debt

    Mr. Campbell joined DoubleLine in 2013. He oversees the firm’s Global Sovereign Debt team and serves as a Portfolio Manager of the DoubleLine Emerging Markets Local Currency and Global Bond strategies. He is a permanent member of the Fixed Income Asset Allocation Committee. Prior to DoubleLine, Mr. Campbell worked for Peridiem Global Investors as a Global Fixed Income Research Analyst and Portfolio Manager. Prior to that, he was with Nuveen Investment Management Co., first as a Quantitative Analyst in the Risk Management and Portfolio Construction Group then as a Vice President in the Taxable Fixed Income Group. Mr. Campbell also worked at John Hancock Financial as an Investment Analyst. He holds a B.S. in Business Economics and International Business, as well as a B.A. in English, from Pennsylvania State University. Mr. Campbell holds an M.A. in Mathematics, with a focus on Mathematical Finance, from Boston University.