Latin America will soon have a new currency, the Sistema Único de Compensación Regional, or Sucre, for short. It’s no coincidence that the currency’s acronym is also the name of 19th century regional independence leader, Antonio José de Sucre, close friend and ally of Simón Bolívar, in whose name the currency’s proponents (members of the… [Read more]
Upon her return from the United Arab Emirates, we ask Liz Martins from the Middle East desk at BMI to share some of her views on the country and its prospects of weathering the macroeconomic storm hitting the region.
The dominant global macroeconomic theme over the past six weeks has been — with apologies to our good friends Fannie and Freddie — indications of deteriorating economic conditions in Europe (and I’d lump the UK in there). The big problem is that the global economy is also deteriorating, and meanwhile, the European Central Bank is… [Read more]
