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The challenging operating environment for CEE banks.
EU institutions have offered modest debt restructuring but are demanding higher levels of repayments for a decade, financed by tax hikes and spending cuts that would be legislated…
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DOI: 10.1108/OXAN-DB217921
ISSN: 2633-304X
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Clearing state arrears to the private sector depends on the quartet of international creditors' timely disbursement of financial assistance tranches. The finance ministry is in…
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DOI: 10.1108/OXAN-DB214159
ISSN: 2633-304X
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The Senate’s bill would dilute the 2010 Dodd-Frank Act, which tightened US financial and banking regulations in response to the 2007-08 financial crisis and subsequent recession.
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DOI: 10.1108/OXAN-DB232029
ISSN: 2633-304X
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Poland has been locked in political turmoil since December 16, when opposition deputies occupied the Sejm against government proposals to curb journalists’ access to live debates…
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DOI: 10.1108/OXAN-DB217048
ISSN: 2633-304X
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The Syriza government, trailing by a margin of around 10 percentage points (pp), has abandoned its commitment to creditors to reduce pensions and taxes in exchange for debt relief…
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DOI: 10.1108/OXAN-DB244435
ISSN: 2633-304X
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The increase, the largest since 2002, comes despite low growth expectations and reflects concerns over rising inflation, with the Central Bank warning of a similar rate rise in…
For 2023, the market expects a significant slowdown, with growth of around 0.8%. This presents a highly challenging context for President Luiz Inacio Lula da Silva and his finance…
Fiscal pressures are causing controversy in Puerto Rico, but so too is fiscal policy-making. On July 5, Governor Ricardo Rossello announced that he would seek a court injunction…
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DOI: 10.1108/OXAN-DB236100
ISSN: 2633-304X
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Mounting political and economic crisis.