The article is titled "The debt market doesn't lie" and presents an opinion on the relationship between countries' public accounts and the interest rates they face in debt markets.
The text states that no country seems to understand that the solution to obtaining low interest rates necessarily involves ensuring healthy public finances.
The article suggests that the sovereign debt market faithfully reflects the fiscal situation of each country, punishing those that do not keep their accounts in order with higher interest rates.
The central message appears to be an alert to governments about the importance of fiscal discipline as a path to reducing the cost of public debt financing.




