German shift on austerity would risk 'wrong' lessons

'Stability and growth' policies have cut government debt, lowered bond yields and left Merkel scope for fiscal boost

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Oil price drop will bring Japan huge unearned gains

Japan will be among the greatest winners from the decline in world oil prices

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Recent shocks will affect Armenia, Azerbaijan and Georgia variously, depending on oil's role and ties with Russia

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The ECB unveiled a sovereign QE programme, aimed at fighting deflation threats in the euro-area

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Elections at all levels will take place against a challenging and shifting economic context

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Grexit is now more possible, if still unlikely, but post-election uncertainties will prove damaging whatever the result

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Though easing the cost of imports, falling oil prices put investment at risk

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The Maghreb's informal economy sustains thousands of livelihoods

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Swiss central bank's decision to de-peg the Swiss franc from the euro will burden the domestic economy

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The sudden drop in oil prices presents a further challenge to Iran's sanctions-battered economy

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