Greece's debt capitulation has political risk

Syriza government is caught between filling gap in public finances and breaking election promises

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Puerto Rican fiscal crunch is approaching Congress

An inability to restructure debts or boost economy will force Washington to intercede

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A deal between Greece and the troika may forestall only the short-term risk of default

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Unpegged Swiss franc will influence short-term consumer behaviour but not asset or loan portfolio quality across CE.

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Italy's government is close to passing a law that would de-mutualise the country's ten biggest cooperative banks by 2016

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If the governing coalition, an awkward alliance of left and right, splits, Syriza could win fresh elections

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After a decade of high oil prices and high public spending, Gulf states face a serious fiscal squeeze in the years ahead

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Some 16 central banks have eased monetary policy since the year started, raising the scope for currency wars

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Tajikistan will attempt Russia-China balancing as Dushanbe edges towards Eurasian Economic Union

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The rebase portrays 2013-14 as a year of solid recovery, belying perceptions of sluggish growth and policy paralysis

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