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The eurozone enjoys its strongest quarter since March 2010 in the latest results of Euromoney’s country risk survey, as European policymakers finally come to grips with the crisis. But lower scores for Greece and France suggest Europe is not out of the woods yet. Andrew Mortimer reports
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January 2012
Country risk scores for Nigeria, Ghana, Gabon and Tanzania rose last year, with higher average-economic-outlook scores across the continent and a willingness in the international capital markets to finance African borrowers.
January 2012
The outlook for political risk in Africa this year remains elevated, despite the recent trend towards fair and free elections on the continent.
April 2012
The push to re-nationalize YPF represents one of the more dramatic shocks to confront foreign investors
May 2012
Greece's collapse in our proprietary political risk scoring is without historic precedent; the country is now rated below Venezuela, Belize and Papua New Guinea.
November 2011
In an exclusive interview with Euromoney, Shaikh Mohammed bin Essa Al-Khalifa, CEO of Bahrain’s Economic Development Board, explains why he thinks the county has lots to offer.
November 2011
The health of the continent’s banks is in alarming decline, according to the latest results of Euromoney’s country risk survey. And in the US, the signals are no better. Andrew Mortimer reports.
November 2011
Rumours fly that Silvio Berlusconi’s tenure as prime minister of Italy is coming to an end, and it seems likely that only his resignation can restore market confidence
December 2011
The near-term dangers in emerging markets remain high, even assuming a breakthrough in the eurozone crisis – and emerging Europe is most at risk.
January 2012
The country’s economic strengths are well documented, yet its position in Euromoney’s Country Risk rankings is surprisingly low, held back by weak bank scores and political risk.
September 2011
China has been making noises about helping out the eurozone by buying Eurobonds, but it won’t be helping Athens any time soon
June 2011
December 2011
Economists score the UK lower for country risk than France, Germany, Austria, Luxembourg, the Netherlands and Finland
September 2011
The euro crisis has already resulted in the region’s country risk scores falling by a greater margin than the Asian economies in 1997. That’s before any of the countries involved has actually defaulted. Andrew Mortimer asks: how many years will Europe take to recover?
October 2011
The health of Europe’s banks is in alarming decline, according to the latest results of Euromoney’s country risk survey. And in the US, the signals are no better. Andrew Mortimer reports.
September 2011
Euromoney’s survey suggests Europe faces greater challenges than Asia did in 1997
November 2011
Poland, Hungary, Russia and Bulgaria receive worsening scores for economic risk
December 2011
Decision by S&P to put Europe’s sovereigns on negative outlook backed up by steady decline in country risk scores.
March 2012
Brazil, Colombia and Chile receive their highest ever scores in Euromoney’s Country Risk survey, benefiting from improved macroeconomic policies and the region’s robust economic growth. But Mexico, Argentina and Venezuela are riskier than a decade ago.
February 2012
Government surplus and offshore mineral wealth protect Norway from external shocks, but cracks are beginning to appear in Scandinavia’s foremost economic miracle
January 2012
Two economists give their view on whether the UK is more deserving of a downgrade than France, as part of a special snapshot from Euromoney Country Risk.
February 2012
Data from Euromoney Country Risk (ECR) shows the extent of the UK’s economic deterioration and the time-lag between the appearance of vulnerabilities in the eurozone’s core economies and the actions taken by the rating agency.
December 2011
The Brazilian central bank’s decision to remove the IOF tax on international investors’ equity investments in the country seems to have both excited and annoyed debt bankers in equal measure
August 2011
US downgrade removes psychological barrier; France and Italy also candidates, says Altman at Stern
September 2011
Global transaction banking chief says the bank is looking towards the Middle East, China and North Africa for growth and profits
December 2011
One of the biggest drivers of global growth is demographics. These should continue to push emerging economies forward over the coming years, while weighing heavily on the public finances of already stressed developed government finances
July 2011
Puea Thai’s victory in Saturday’s general election has worrying implications for the country’s public finances and inflation.
June 2011
With a presidential election less than six months away, Euromoney Country Risk asks three analysts whether, almost 10 years after default, the markets are overpricing Argentine political risk.
May 2011
Euromoney Country Risk asks three analysts whether, after unveiling a spate of controversial policies last year, Victor Orban’s administration is finally making progress with Hungary’s public finances.
July 2011
For most sovereigns, the price of credit defaults swaps on a country’s debt usually rises after a leader is diagnosed with a potentially fatal illness.
August 2011
Country is catching up, not over-extending itself, say analysts
August 2011
A rare combination of strong economic growth and falling inflation has helped Colombia to outperform its Latin American peers in the latest results of the Euromoney Country Risk survey, despite its borrowing costs remaining higher than those of other Latin American sovereigns.
July 2011
The majority of economists polled by Euromoney Country Risk believe that Italy still has time to solve its sovereign debt crisis.
June 2011
Mozambique has retained its top position in Euromoney Country Risk’s latest East Africa rankings, despite a one-point slide in the table since September 2010.
July 2011
By rating Chile higher than many struggling European sovereigns, ECR economists are sending a strong message to governments and rating agencies alike that creditworthiness must be earned rather than inherited.
November 2011
The EU’s plans for the EFSF are a retrospective masterclass in everything that went wrong with structured credit
January 2012
The World Bank delivers a reminder to emerging nations that they are not immune to the knock-on effects of the sovereign debt crisis
June 2011
Panicos Demetriades, Professor of Economics at the University of Leicester, argues that Greece has little to lose by leaving the single currency.
April 2012
The eurozone enjoys its strongest quarter since March 2010 in the latest results of Euromoney’s country risk survey, as European policymakers finally come to grips with the crisis. But lower scores for Greece and France suggest Europe is not out of the woods yet. Andrew Mortimer reports
June 2011
Country risk rankings are dropping sharply in the Eurozone periphery and across the entire Middle East, including Qatar which had been viewed as relatively immune to the fallout from the Arab Spring. Andrew Mortimer reports.
September 2011
In the latest results of Euromoney’s country risk survey, Taiwan and Chile are rated alongside developed markets France, the US and UK. Qatar shrugs off regional uncertainty, while country risk scores across the eurozone hit new lows. African sovereigns have also done well. Andrew Mortimer reports.
April 2012
Asian sovereigns are overtaking advanced western economies in their financial and economic stability. Singapore is the world’s second-safest sovereign, according to the latest results of Euromoney’s country-risk survey.
August 2011
Country risk scores are improving steadily across the top tier of Latin American borrowers, including Chile, which now has a score consistent with a triple-A rating. Brazil has fallen two places in the table as concerns grow that the economy is overheating, while Colombia scores ahead of Mexico and Panama in the list of the continent’s safe havens. Andrew Mortimer reports.
November 2011
Debut Eurobond coincides with uptick in country risk score
August 2011
Thailand’s Euromoney Country Risk score has steadily deteriorated since September 2010, reflecting analysts’ concerns about the policies of the Puea Thai (PT) party and possible violence between the country’s political factions.
September 2011
JP Morgan reveals its expansion in Direct Custody and Clearing in Brazil and Russia is part of its plan to tap more into the emerging markets.
September 2011
Spar Nord CEO says regional institutions may find it difficult to raise money as BarCap reports wider difference in funding costs.
October 2011
Markets trade lower over deadlock to expansion of EFSF – a delay which could cause ‘serious consequences’.
October 2011
The chances of a eurozone member withdrawing legally from the currency union are extremely low, and it is highly debatable as to whether it is the right course of action, say legal experts.
November 2011
The European Central Bank would fail European Banking Authority stress tests, but this is not the issue the European markets should be worried about, says Willem Buiter, one of the world’s most distinguished macroeconomists
August 2011
Fitch Ratings unveil new world GDP calculations based on impact of a hypothetical US double-dip recession
November 2011
October 2011
Ratings agency Moody’s warns France of an official negative outlook, which could lead to a status downgrade
August 2011
France’s triple-A rating is under threat as concerns grow about the country’s economy and government bond market, coupled with its position as the largest European holder of Greek debt.
December 2011
Fresh off the wires - German Economy Minister Philipp Roesler and the association of German public lenders, VoeB, hit back at the potential S&P downgrade
January 2012
A Greek government spokesperson reveals that the country might exit the euro if the second bailout package is not signed
January 2012
The Institute of International Finance’s principles for stable capital flows and fair debt restructuring set forth an approach to voluntary negotiations between distressed borrowers and their creditors based on transparency, dialogue, good-faith negotiations and equal treatment.
October 2011
Holger Schmieding, chief economist at Berenberg Bank in London, explains why Europe should not cut off Greece, and reveals why he wants the ECB to prove it means business.
March 2012
What Greece has proposed already amounts to a default in economic terms, with the market pricing in a recovery value of less than 25% on its bonds. It remains to be seen whether or not it becomes a default in legal terms
January 2012
Greece has hired outside help to energize its faltering privatization programme. Euromoney talks to the man tasked with selling Greek assets to the world
January 2012
In December, North Korean officials announced the passing of Supreme Leader Kim Jong-il, supposedly from a heart attack. Not too surprisingly, Pyongyang swiftly heralded Kim’s youngest son Kim Jong-un as the new head of state along with the title “Great Successor”…
February 2012
Moves to sack the head of the Icelandic FSA are a warning to foreign investors that the country's institutions remain fragile
March 2012
“It would immediately unwind what positive market sentiment remains about the adequacy of the financial support mechanism that Europe has put in place."
The Institute of International Finance delivers a dire warning of what is to come, if a disorderly default of Greece were to occur
October 2011
The International Monetary Fund’s latest report warns of a macroeconomic and financial spillover in Asia, as it forecasts a slowdown in the area’s growth, while increasing the number of downside risks
November 2011
The International Monetary Fund reveals potential risks that could shake-up China’s financial system, despite improvements to financial market structure and transparency
May 2012
As the euro tumbles, here are two charts from Euromoney's proprietary risk index that throw into sharp relief core Europe's fall from grace.
April 2012
The trajectory of Indonesia’s country-risk score tracks the country’s economic collapse following the Asian financial crisis in 1997/98.
November 2011
The International Swaps and Derivatives Association hits back in defence of sovereign credit-default-swaps in ramped up press offensive
October 2011
The EU Summit has determined that holders of Greek bonds will be faced with a haircut of 50% on their exposure. But it still looks extremely unlikely that even a haircut of this magnitude will trigger a credit event on the CDS written against these bonds.
October 2011
The Italian corporate sector will be severely hurt from Moody’s downgrade of the country’s main banks, say analysts
November 2011
The CEO steps down and will not seek a severance package, after the collapse of the bankrupt brokerage
September 2011
The European Central Bank’s chief economist leaves for personal reasons, amid rumours that it was over a conflict on the ECB’s bond buying programme
October 2011
Share prices fell in the run-up to Slovakia’s rejection of expansion of the EFSF, but the aftermath shows a remarkably unconcerned market.
November 2011
Ireland given a negative outlook from the ratings agency, despite improved capital positions
January 2012
Jefferies is the latest to unveil it's global 2012 predictions.
December 2011
Experts lower one-party state’s country risk score after sudden death of Kim Jong-il
January 2012
In a society obsessed with maximizing profit, Muhammad Yunus, Nobel Peace Prize winner and pioneer of microfinance through Grameen Bank in Bangladesh, has a new goal: to get business and finance to take off its ‘profit-maximizing glasses’ and think about its role in society instead
December 2011
Nomura's chief political analyst releases the following update
November 2011
Experts clash over the role of ratings agencies, after the demise of MF Global, and with proposals to allow the EU to suspend the rating of sovereigns
October 2011
The great bank recapitalization plan unveiled at the European heads of state summit in Brussels won’t do much to halt the slow-motion run on bank funding that has been unfolding since the summer.
December 2011
Lawyers claim that the latest EU treaty is still fraught with uncertainty and loopholes and some regulators are in legal denial over the implementation of some proposals.
October 2011
Mitsubishi claims there is no such thing as velvet insolvency, while Moody’s warns markets that the European System of Central Banks can only provide limited support to sovereign debt markets.
October 2011
Analysts hit back at the Boston Consulting Group’s prediction that rising wages in China will lead to a shift in American investment back home and, consequently, higher levels of employment
December 2011
Investors, economists, politicians and other policy-makers across Europe and the rest of the world are calling ever more urgently for the ECB to step in and buy European government bonds. With the EFSF a clear bust, large-scale ECB intervention looks the only way to prevent a financial market meltdown in Europe with potentially disastrous consequences for the global economy.
September 2011
The private sector needs a more realistic involvement and more debt forgiveness in the sovereign debt crisis
November 2011
Ex-president of the ECB revealed as the chairman of G30
October 2011
Introducing extra tariffs in retaliation to China’s nominal exchange rate will not solve the American trade deficit, claim analysts.
December 2011
The US is part of an elite of highly indebted developed nations. Bond vigilantes have attacked some of the eurozone states but have largely ignored the US. As the eurozone sovereign debt crisis resolves itself, the US fiscal position will attract more scrutiny.
July 2011
Before you adopt a common currency be sure you are dealing with one country not a group of countries with different monetary and fiscal capabilities.
December 2011
After the death of North Korea's leader Kim Jong-il, his youngest son-of-three is named as the "Great Successor"
February 2012
The UK government aims to shut down bank tax loopholes in light of Barclays' tax-avoidance scheme and Prudential considers relocating to Asia – are these signs of a new era?
