Country risk: Greece is on the long road back

Country risk: Greece is on the long road back

There are still huge obstacles ahead for the high-risk, tier-5 borrower, but the improvement in Euromoney’s country risk survey has been matched by credit rating upgrades and lower borrowing costs.

Italy is still Europe’s main political tail-risk

Italy is still Europe’s main political tail-risk

Europe’s investor prospects are superficially safer due to economic recovery, but elections in Germany and in Italy, especially, present tail-risks. This is a manifestation of deeper uncertainty urging a fresh approach to risk management.