It’s not common for news about a government’s resignation to be seen as positive, let alone an opportune moment for a country to tap the Eurobond market. But Ukraine is not your average country.
With a widening budget deficit and the economy sliding into recession, news that President Viktor Yanukovich had accepted the resignation of Prime Minister Mykola Azarov’s government is welcome news for investment banks and investors. Continue reading »
“My country isn’t a soccer team!” harrumphed Cristina Fernández at the UN, after Christine Lagarde, the International Monetary Fund boss, threatened Argentina with a red card in the form of official censure unless it improved its dodgy official statistics.
While the public spectacle of Cristina vs Christine slugging it out using soccer metaphors makes for entertaining theatre, investors are wondering whether Team Argentina, or its coach, might, nonetheless, be induced to change tactics. Continue reading »