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Rising African debt to backfire on unwise issuers

Location:

AFRICA

This typifies a growing debt problem facing Sub-Saharan African (SSA) states borrowing in dollars: as local currencies depreciate on softening commodity prices, repayment costs…

Cancelling ECB-held sovereign debt would harm not help

Location:

INTERNATIONAL

The debate is timely, as in the next two months the European Commission will review the fiscal programmes of member states amid calls for further stimulus to boost economic…

Markets may misjudge risk of Greek exit from euro-area

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GREECE/EURO-AREA

While the scope for widespread contagion across Southern Europe is much more limited this time around because of the new ownership structure of Greece's public debt -- more than…

Prospects for Central-Eastern Europe in 2017

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PROSPECTS 2017

Prospects for Central-Eastern Europe in 2017.

EU's oil products ban will hurt Belarusian economy

Location:

BELARUS

EU sanctions from June 24 ban purchases of Belarusian petroleum products and potash fertilisers, though restrictions on the latter are partial. Together with Minsk's retaliatory…

South Africa may struggle to deliver a credible budget

Location:

SOUTH AFRICA

Facing major shortfalls in tax collections, the Treasury has therefore requested government departments to implement immediate spending cuts and has recommended far-reaching…

Italy's banks face twin test

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ITALY

Former Italian Prime Minister Matteo Renzi has suggested that Italy's next election should be held at the same time as Germany's (September), saying it made sense from "a European…

Moldovan gas sector partly decouples from Russia

Location:

MOLDOVA

Gas is still coming from Russia at a reduced rate, but all of it is now going to the separatist Transnistria region to allow it to generate affordable electricity for Moldova. As…

Referendum 'no' vote could trigger crisis in Italy

Location:

ITALY

Renzi's government will fight two existential battles in the coming weeks: winning the constitutional reform referendum on December 4, and obtaining from the Commission the…

Finland's reforms may end period of stagnation

Location:

FINLAND

Finland's economy.