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Opportunity opens for new Greek government bond issues

Location:

GREECE

Greek debt’s improving attractiveness.

Negative bond yields will fuel global equity rally

Location:

INTERNATIONAL

The gains in global equities stem from the expanding universe of negative-yielding government bonds, which now account for nearly a third of the stock of global sovereign debt…

Generous EU funds will help Greece through 2021-22

Location:

GREECE/EU

Greek Prime Minister Kyriakos Mitsotakis hailed the agreement as a national success. It enables the New Democracy government to maintain fiscal stimulus over the next two years…

Fiscal risks worsen debt outlook in Argentina

Location:

ARGENTINA

The lifting of export taxes and the recession have already undermined the government's goal of reducing the fiscal deficit: in 2016 the primary deficit-to-GDP ratio will be even…

Inflation 'solution' should help avoid Brazil default

Location:

BRAZIL

Days before this announcement, the government asked Congress to approve a primary deficit of up to 96.65 billion reais (some 1.5% of GDP) for this year. The sharp deterioration in…

Greek government will implement austerity grudgingly

Location:

GREECE

Falling bond yields suggest some return of confidence after the government's legislation of further cuts and reforms, and the successful conclusion of the second review of…

Policy doubts will keep Turkish assets under strain

Location:

TURKEY

The relief rally in Turkish assets.

Hungarian monetary policy risks disorderly forint fall

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CENTRAL EUROPE

This is despite a spike in core inflation. The three central banks of Central Europe (CE) are on a loosening cycle, responding aggressively to the COVID-19-induced collapse in…

Monetary policy will remain loose in Central Europe

Location:

CENTRAL EUROPE

Factors keeping monetary policy loose, despite stronger growth.

Virus second wave will derail Greek budget forecasts

Location:

GREECE

The official baseline is for an 8.2% GDP contraction in 2020, and a 7.5% rebound in 2021. It took into account moderate restrictions on movement in winter 2020/21, but the…