According to CoinMeta, Mario Panetta, a member of the Executive Board of the European Central Bank (ECB), stated that the surge in bond yields will suppress the region's economy, but for now it does not constitute a critical issue. He pointed out that these changes in the debt market are a global phenomenon, led by the United States over the past week, where economic growth and inflation rates have exceeded expectations. Panetta, along with other ECB officials, warned that tighter financial conditions may limit economic expansion, but this slowdown could also help contain inflation, which has nearly doubled due to soaring energy costs and is above target. He specifically noted that Germany has seen a smaller increase in yields, while France's public debt and budget deficit remain high, and the tension surrounding sovereign debt could affect Italy's borrowing costs.