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Government may water down Greek pension reform

Location:

GREECE

Pension reform is a critical compliance requirement for the Greek authorities with the 'quadriga' of creditors -- ECB, European Commission, European Stability Mechanism and IMF -…

US Social Security funds to run out ahead of schedule

Location:

UNITED STATES

Demographic pressures from an ageing society weigh less heavily on the United States than many other economies but they are now placing stress on a Social Security system that…

French unrest will continue and Macron will survive

Location:

FRANCE

The proposals follow the ‘great national debate’, a two-month series of consultations online and in town halls across France, at which disillusioned voters conveyed their…

Pinera will struggle to govern Chile in coming months

Location:

CHILE

The previous week it tried to block a similar congressional initiative by sending it to the Constitutional Tribunal for review. Its own initiative aims to order the ranks of its…

New Colombian fiscal reform will pass but is flawed

Location:

COLOMBIA

The plan avoids new taxes on individuals, instead increasing the fiscal burden on firms. The proposed measures aim to generate COP15.2tn (USD3.9bn) in new revenue, which would be…

Brazil pension reform will tackle deficit, not growth

Location:

BRAZIL

The government estimates that the reform will save 914.3 billion reais (231.3 billion dollars at the current exchange rate) over ten years. An additional 19.2 billion reais could…

Pension bill will challenge unpopular Chile president

Location:

CHILE

As well as triggering heated debate about its merits as a means of mitigating the economic effects of COVID-19, the bill, presented by left-wing legislators, represents a key…

Fiscal package aims to ease Argentina default fears

Location:

ARGENTINA

Fiscal and debt stabilisation plans.

Bet on Canada's spending poses risks for Trudeau

Location:

CANADA

It includes large federal stimulus spending to spur economic growth and to alleviate the worst impacts of the collapse in global commodity prices, particularly oil. The budget…

Temer would seek orthodox policy turn in Brazil

Location:

BRAZIL

The impeachment process will now be sent to the Senate. If a majority of the 81 senators accept its continuation, Rousseff will be suspended initially for 180 days while the…