Euro-area/Greece deal will not avert Grexit risk

Today's provisional bailout agreement faces formidable hurdles around the euro-area

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Power problems will haunt Armenian government

The government has quelled protests against higher power prices -- but only in the short term

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Government installations, financial centres and expatriates face growing threats from Islamic State group activity

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Political stability and high commodity prices have boosted social spending, but poverty programmes could face pressures

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Low productivity, budget deficit and weak exports remain persistent problems despite relatively strong recovery

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New legislation could encourage investment but indigenous action and moratorium prospects are likely to pose challenges

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Structural reforms to boost non-hydrocarbon sector will be limited

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Rising underemployment increases measured poverty risk, but not necessarily absolute poverty

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Referendum vote and banking crisis force clarity on Brussels' options for third bailout for Greece

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Private credit growth remains subdued, with high real interest rates still deterring borrowers

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