European Banks’ Deleveraging Mechanics
By pwsadmin |
After previously ruing the ramifications of cross-border bank rebalancing for emerging Europe, the April edition of the IMF’s Global Financial ...
Greece’s Escape Clause Cues
By pwsadmin |
A month after completing a signature bond swap which imposed a record loss while retroactively altering contracts and subordinating private ...
Turkey’s Power Projection Pushbacks
By pwsadmin |
Turkish stocks finished Q1 with a solid European showing after drifting on continued confusion over political and geopolitical stands and ...
The Vienna Initiative’s Extended Strains
By pwsadmin |
As official and private sector parties grapple with a specific formula to adapt the 2009 Vienna Initiative’s voluntary bar on ...
Hungary’s Piquant Goulash Tasting
By pwsadmin |
Hungarian debt and CDS yields again crept up as the EU followed through on its convergence aid suspension threat unless ...
The EU’s Astray Accession Axis
By pwsadmin |
New holders of a privately-placed Slovak sovereign bond shuddered as the populist Fico slate regained power with a clear party ...
Ukraine’s Spilled Cup Condemnation
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Ukrainian shares were relatively flat on the MSCI index as the current account deficit hit a post-crisis high of 5.5 ...
The Baltics’ Beguiling Bragging Rights
By pwsadmin |
With the rest of Europe foundering Lithuania started the year with a major issue and Estonia reaffirmed its euro entry ...
Romania’s Chafing Chill Wind
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Romanian bond issuance was doubled in January as authorities grappled with weeks of worker anti-austerity hostility amid record low temperatures ...
Russia’s Opposition Capital Movements
By pwsadmin |
Russian stocks, despite low single digit p/e draws, skidded as 2011 capital flight came in at the $85 billion estimate, ...