US/EU household debt will be less contagious than 2007

Deleveraging and years of ultra-low rates have cut the chance of contagion but sector- and country-specific risks linger

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Consumer debt risk becomes Russian political dilemma

As Russians struggle to balance household budgets, many are resorting to loans and borrowing unsustainable sums

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Lower rates for longer means that eventual rate rises and costlier debt payments may shock vulnerable debt holders

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Moscow and Minsk say they are serious about unification but use the process as a forum for airing disputes

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The government's spending power is increasing but checks on that power remain almost entirely absent

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Erdogan’s long-term fate probably depends on his economic management, but this continues to be unorthodox

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GDP grew for a third successive quarter during the April-June period this year

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The government’s economic strategy is underpinned by greater spending and tax cuts to boost economic growth

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Bulgaria has revised this year’s budget to buy eight new Lockheed Martin F-16 fighters for 1.26 billion dollars

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Economic policy is being shaped by EU-minded economists rather than the coalition's senior partners, the Socialists

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