iceland
President Olafur Grimsson announced on January 5 that he would not sign the Icesave bill, putting at risk the revision of the IMF's programme for Iceland and assistance for other European states.
[Full Article]
public sector solvency
The starting point for assessing debt sustainability is the conventional notion of solvency. [Full Article]
european union
The EU's Stability and Growth Pact sets limits for states' deficits, but has long been plagued by doubts over its enforceability. [Full Article]
the month ahead
Inflation rose in December 2009 to 2.6%, following November's 2.1% year-on-year increase. [Full Article]
Ukraine
Delayed reforms deepen crisis
In November 2009, Fitch downgraded Ukraine's long-term foreign currency rating to B-, placing it in the same risk category as Rwanda. [Full Article]
United Arab Emirates
Investors were taken by surprise by the November 25 announcement that Dubai World was seeking a standstill agreement on 26 billion dollars of debt. [Full Article]
From the archives
A look at the economic and political pressures in Argentina back in late December 2001, when widespread riots took hold.[Full Article]