Country Report: Greece

BALANCING ACT By Vanessa Drucker Greece’s politicians must balance growth and austerity, but it will mean walking a tightrope with no safety net in sight.   Greece needs a fresh blueprint for economic and social survival. Eurozone debt restructuring packages ...

Country Report: Turkey

EVADING A HARD LANDING By Gordon Platt Turkey’s widening trade and current account deficits are making some investors nervous, but government officials are confident they can keep the fast-growing economy from overheating if they apply the proper mix of fiscal ...

Emerging Markets Roundup: Russia

THRESHOLD RISES FOR FOREIGN INVESTMENT IN THE NATURAL RESOURCE SECTOR   By Kim Iskyan   Russia’s parliament is set to approve long-awaited amendments to legislation on foreign investment in certain strategic sectors.   Easing requirements for natural resources investment The ...

Trichet Exits From ECB

NEWSMAKERS: EUROPE   By Anita Hawser   At the press conference that followed the European Central Bank’s Governing Council meeting on October 6 in Berlin, few would have guessed that it was Jean-Claude Trichet’s last meeting as ECB president.   ...

Kudrin’s Shoes Will Be Hard To Fill

NEWSMAKERS: RUSSIA   By Kim Iskyan   Investors have long viewed Russian finance minister Alexei Kudrin as the country’s second-most-important policymaker—and the primary reason for the dramatic turnaround in Russia’s macroeconomic position over the past decade.   Alexei Kudrin refuses ...

Emerging Markets Roundup: Russia

PRIVATIZATION PLANS MAY GROW   By Kim Iskyan   Putin ally Valentina Matviyenko became the speaker of the Federation Council in Russia’s national parliament.   Oil producer Rosneft may be fully privatized Governor of St. Petersburg and longtime Putin ally Valentina ...

Country Report: Turkey

RIDING THE WAVE   By Justin Keay   Turkey’s economy has performed quite well, but reform is needed at home to build sustainable growth.   Early August saw unprecedented turbulence on global financial markets, and Turkey’s was no exception. On ...

Country Report: Russia

THREATENING THE ECONOMIC RENAISSANCE   By Kim Iskyan   Political uncertainty and continued dependence on oil exports are casting a pall over growth prospects in Russia.   On the surface, Russia looks to be on the rebound. The macroeconomic situation ...