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RGE’s Gina Sanchez CNBC Video – Does the Rally Have Legs?
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Will the Euro Survive the Debt Crisis?
Restoring confidence in the eurozone (EZ) rests on its ability to generate growth and reduce the competitiveness gap in the periphery. As fiscal austerity is bound to deepen the recession, the possibility of debt restructurings, exits and the eventual breakup of the EZ must be taken into account. The financial crisis has exposed the institutional [...]
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Canada’s Trade Ties: Harper Heads to China
Canadian Prime Minister Stephen Harper heads to China today on a much-anticipated trip, his first since 2009, when his trip was far overshadowed by President Obama’s first trip. He has the privilege of being one of the first global leaders to visit China after the holiday period, though we expect Chinese leaders will again be [...]
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India’s Supreme Court Nails the Guilty, but Steps into Policy Making
On February 2, India’s apex court, the Supreme Court ruled that the 2G telecom licenses granted by the Indian government in 2008 were arbitrary in nature and hence should be scrapped. According to the order, all of the 122 licenses that were granted by the Telecom Ministry under the stewardship of A Raja will have [...]
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RGE’s Gina Sanchez CNBC Video – Trading the Globe: Bulls From Brazil
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Has the 3-year LTRO Changed the Path Forward for the EZ Crisis?
There has been relative calm in the EZ crisis since December last year, when the ECB announced a three-year long term refinancing operation (LTRO) and a sharp widening of its collateral requirements. Government bond yields fell in the periphery and debt issuance in January went remarkably well, particularly for Spain and Italy. Has the LTRO [...]
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German Proposal for Greece’s Compliance: Accelerating Eurozone Exit
At the top of my list of to do’s for the past few weeks has been to update the post on Greek PSI that I wrote just before Christmas to include some more recent developments, such as the prospect of ECB participation. Last night, Peter Spiegel from the Financial Times (@SpiegelPeter) published the German government’s [...]
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RGE’s Gina Sanchez CNBC Video – Rally of 2012 Short-Lived?
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WEF Davos: Sub-Saharan Africa – Next Growth Hub?
With all eyes on Europe, the unresolved sovereign debt crisis in the eurozone is certainly taking the center stage of this year’s World Economic Forum summit in Davos themed “The Great Transformation: Shaping new models”. However, those looking for hope and growth potential seem to look to Africa, hence the role of Sub-Saharan Africa (SSA) [...]
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Ukraine Political Appointment: Shuffling The Deck Does Not Change the Cards
On January 18, 2012, Ukraine President Viktor Yanukovych appointed Valeriy Khoroshkovsky as a new Minister of Finance to replace Fedir Yaroshenko. Albeit unexpected, the move represents a rotation within the existing power circles, reflecting more orchestrated political maneuvering ahead of the October parliamentary 2012 elections. Khoroshkovsky, who had left the seat of the head of [...]














