Ireland’s decision to apply for a bailout from the European Union has not helped defend the euro or calm treasury markets elsewhere in the periphery. On this week’s Business Monitor Podcast, BMI’s Head of Country Risk & Financial Markets talks with Global Economic Strategist Tim Cooper and Head of Europe Analysis Mark Schaltuper about the… [Read more]
On this week’s businesss monitor podcast, we assess the state of the European banking sector on the back of the EU-wide stress test results released on July 23. BMI’s Head of Country Risk and Financial Markets Justin Patrie, along with Head of Europe Analysis Mark Schaltuper and Europe Analyst Chris Graham, dissect the methodology of… [Read more]
On November 14 Ecuadorean President Rafael Correa’s government took its first major step along its ‘citizens’ revolution’, by refusing to pay US$30.6mn of external debt on time. Correa has long threatened to put ‘life’ [social spending] before debt’, however his rhetoric was finally met with action (or rather inaction) last Friday when Finance Minister María… [Read more]
It’s been a long time coming. After several false dawns, Argentina’s authorities have finally announced their intention to reopen the 2005 offer for holdouts who chose not to participate in the country’s bond restructuring deal. At this stage, it is difficult to distinguish fact from fiction, but according to local media, three banks (thought to… [Read more]
