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Recovery will depend on Greek cooperation with lenders

Location:

GREECE

Greece’s relationship with its creditors.

Indonesia tax amnesty could strain Singapore relations

Location:

INDONESIA/SINGAPORE

The tax amnesty could see more than 40 billion dollars in untaxed funds entering Indonesia's economy, the central bank estimates. The measure is the latest in a series of…

Hungary's return to investment grade is likely in 2016

Location:

HUNGARY

Moody's, another agency which also rates Hungary one notch below investment grade, has just raised its outlook on Hungary's rating to 'positive' from 'stable'. Hungary's…

Greek crisis will test IMF governance

Location:

INT/GREECE

However, negotiations will go ahead, notwithstanding Fund staff's recent misgivings on Greece's debt sustainability. Broader issues are whether the IMF's role as lender of last…

Rome-Brussels confrontation to go beyond 2019 budget

Location:

ITALY/EU

That plan -- sent to the Commission on October 15 -- encompasses a significant fiscal easing. The Italian government must reply by October 22.

Another rating upgrade is likely for Hungary soon

Location:

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…

Armenian government faces fiscal and growth challenges

Location:

ARMENIA

Armenian economic update.

Euro-area fiscal policies will not find common ground

Location:

EURO-AREA

This follows the submission by euro-area countries of their 2016 draft budgetary plans (DBPs), in compliance with the Stability and Growth Pact (SGP). The Commission will release…

Saudi Aramco-SABIC merger will raise strategy concerns

Location:

SAUDI ARABIA

This will be used to meet part of the costs of acquiring a controlling stake in Saudi Basic Industries Corporation (SABIC), the kingdom’s principal petrochemical producer. Aramco…