<p>In this episode of KBRA Podcasts, John Sage, KBRA’s Senior Director and Head of Private Credit Research, is joined by Ken Egan from Sovereigns and Karim Nassif from Project Finance and Infrastructure (PF&amp;I) to discuss how European sovereigns are navigating global volatility. Ken highlights resilient labor markets, political fragmentation, and monetary divergence. Karim explores the growing role of PF&amp;I in defense, digital, and energy sectors amid Europe’s policy-driven growth.</p>