Rising Rates Loom Over Europe’s Weakest Economies

A.M. Edition for Aug. 2. The European Central Bank recently raised interest rates to 0%, but even that is too much to handle for some borrowers in countries like Italy, Spain and Portugal. WSJ financial reporter Patricia Kowsmann explains why variable-rate mortgages make many Southern European borrowers more vulnerable to rate hikes and what, if anything, individual governments can do about that. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices