Archive for Portugal
By Brian Hasbrouck · Comments (0)
Wednesday,
October
31st,
2012
Ken Rogoff speaks about the Europe Debt Crisis
The PRS Group is offering a sample of their Political Risk Letter. All you have to do is fill out your information here. Here are some of the highlights:
- Angola: Succession Uncertainty a Risk
- Bolivia: Morales Maintains Populist Course
- India: Confidence Ebbing
- Vietnam: Cautious Reform
- Cameroon: Changes Lack Substance
- Netherlands: Leftwood Shift May Trigger Volatility
- Portugal: Calm Threatened by Lack of Results
An interesting breakdown of political and economic forecasts follows the brief updates at the beginning of the Letter. These also look at PRS’ ratings for financial transfer, direct investment, and export to the country, along with real GDP growth, inflation, and the current account figures. Overall, a really interesting read. For free access just fill out your information here.
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Categories : politicalrisk
- BMI looks at Chinese investment in Africa and sees a growing sense of political risk through an anti-China backlash. (Risk Watchdog)
- Nabucco may be dead. But I wouldn’t expect Azerbaijan’s energy dependent economy to write it off just yet. (beyondbrics)
- Spanish bonds hit an average of nearly 7% (ok, 6.975% to be precise) the same threshold that forced Dublin and Lisbon to seek help. (Financial Times)
- Hungary will be seeking help from the IMF after spurning it just 18 months ago. (Financial Times)
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Categories : politicalrisk
- As you can imagine, a lot of the coverage revolves around the continuing saga of the eurozone debt crisis. Let’s break it down by country:
- Italy and Spain’s borrowing costs spiked because of fears of contagion. (Financial Times)
- The scuffle between Italian PM Berlusconi and the Finance Minister Giulio Tremonti is rattling nerves even more on bond markets on whether an austerity budget can be passed. (Financial Times)
- Spanish PM Zapatero met with EC President Herman Can Rompuy (a Stella drinker as is the writer of this blog!) to discuss the crisis. Zapatero expressed that there is “absolute tranquility” over the Spanish position. (Financial Times)
- Ireland’s been downgraded to junk by Moody’s. (Financial Times)
- Annnnnnd finally, the FT does a good job summing up how the bailout funds may be used to repurchase Greek debt which would lower the overall debt burden for Greece. It may also lower the 3 percentage point hike on the bailouts to Portugal, Ireland, and Greece. (Financial Times)
- After closing The News of the World because of alleged illegal wiretaps (how legal can they be if they’re done by a private entity?) Murdoch has withdrawn a $12bn bid to purchase the remaining stake in UK cable company BSkyB. Yesterday’s FT reported that Gordon Brown’s family had been targeted by the shuttered paper in regards to the family’s wealth and health; especially unnerving since one of his children has cystic fibrosis which was leaked by the media against his will. (NYTimes)
- The PRS Group has posted a listing of the countries most and least likely to face conflicts from outside sources on its blog. (The PRS Group)
- Mumbai was hit by three explosions in the financial district last night around 7pm. (BBC)
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