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Risks outweigh rewards for very large EU bank mergers

Location:

INTERNATIONAL

The 2008-09 financial crisis led to consolidation of the EU banking sector through mergers and acquisitions (M&As) of mostly domestic banks. A few EU countries have highly…

Foreign-exchange risk dogs Central Europe

Location:

EUROPE

This unexpected appreciation surge came after several weeks of sharp currency swings, as contagion from the Greek crisis hit foreign exchange (FX) markets. In the 'Visegrad Four'…

Another rating upgrade is likely for Hungary soon

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HUNGARY

Hungary thereby regains investment-grade status, albeit at the lowest level, from being downgraded to 'junk' because of doubts about the government's policies and the high public…

Low global volatility is hiding credit risks

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INTERNATIONAL

Downward pressure on bond yields.

Turkey’s illiberal economic model will extend further

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TURKEY

Erdogan spoke with pride of imposing additional customs duties to protect domestic industries, cheapening credit and launching a national car project. Economic policies are…

Turkey's economic policy shift is not worth the risks

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TURKEY

The lira’s collapse has only fortified President Recep Tayyip Erdogan’s adherence to unorthodox low-interest-rate policies. Rather than changing course, Erdogan has publicly…

Russia’s budget deficit may exceed official target

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RUSSIA

The federal budget deficit target for 2023, set at RUB2.9tn (USD35.8bn), is likely to be exceeded for the second year in a row. Federal expenditure is showing no signs of slowing…

Hungary will be at risk from too-loose monetary policy

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CENTRAL EUROPE

Central Europe’s resilience to EM sell-off.

Ukraine war will hurt Turkey’s economy

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TURKEY

The conflict in Ukraine is a threat to Turkey’s economy. The lira has weakened again, which will push inflation above 60%. Ankara has condemned Moscow’s invasion but is seeking…

PiS policy shift puts Polish markets under strain

Location:

POLAND

However, the unexpected downgrade of Poland by Standard & Poor's (S&P) on January 15 has focused attention on the financial and economic policy stance of the Law and Justice (PiS…