---
title: Interesting view by HolgerZ on X
description: "\"Chancellor Friedrich Merz has now suffered a setback in foreign policy as well. He was unable to push through the Mercosur trade deal – an agreement that matters greatly for Germany’s economy – and the plan to support Ukraine’s debt relies on the issuance of joint EU debt. As a result, Germany is slowly losing one of its last competitive advantages: its superior credit rating. The risk premium on EU bonds relative to German Bunds has narrowed sharply in recent weeks\". \nSource: HolgerZ, Bloomberg"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Interesting view by HolgerZ on X](https://blog.syzgroup.com/syz-the-moment/interesting-view-by-holgerz-on-x)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Dec 19, 2025, 3:50:25 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/interesting-view-by-holgerz-on-x)

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