Europe’s bottom-up problems may be on their way to solution, contrasting with the USA where Federal budgetary deficits are spreading down to States and Municipalities, with rising yields for “munis”.
Western bankers have paid a heavy price for their expansion into the further reaches of central and eastern Europe yet the region still offers potential for growth.
The president of the EBRD tells Sudip Roy why adopting the euro is still the best option for central and eastern Europe’s EU members.
The Principles for Stable Capital Flows and Fair Debt Restructuring were agreed in 2004 between big sovereign issuers and leaders in private finance and subsequently endorsed by the G20 ministers in Berlin in 2004.
Investor appetite returns; Listed companies tipped to debut
Local regulators keen to attract new entrants; Aversion to banks exacerbated by AUB affair
Highlights growing importance of food sector; Part of growing M&A trend
Negotiations on government purchase of Surgutneftegaz stake; Surprise offer to buy out minority shareholders at INA
The rapid expansion of trade both between and within emerging market regions is an opportunity as well as a challenge.