Prospects Weekly: European Stability Mechanism (ESM)/Fiscal Pact laws remove significant hurdles
Euro area banking crisis
Prospects Weekly: Renewed concerns earlier in the week about the Greek bail-out plan
| Renewed concerns earlier in the week about the Greek bail-out plan and the possibility of a credit rating downgrade for several European economies drove borrowing costs up. The European Central Bank’s (ECB) announcement on Thursday to defend the Euro has helped ease concerns somewhat. |
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- Greece
- Malawi
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- Euro area banking crisis
Prospects Weekly: First trade data released for September are not promising
| First trade data released for September are not promising, with most countries reporting lower import volumes, suggesting that the risk of a worldwide deceleration in demand is real. Meanwhile with all three major rating agencies downgrading Spain’s long-term sovereign debt rating in the past few days, the sovereign credit quality-gap between developing and developed countries continued to narrow. |