EMerging Equity
sovereign default
Greece ETF Derailed By S&P Downgrade
By Tom Lydon What started as a wild week for the Global X FTSE Greece 20 ETF (NYSEArca: GREK) will end that way as the lone Greece ETF is tumbling by 3.7% after Standard & Poor’s pared its rating on the country’s sovereign debt to B- from B. The ratings agency is keeping the long- and … Continue reading
Can Ukraine’s New Technocrat Elite Make Their Economy Work?
By Adam Swain Ten years ago, it was received wisdom in western academic, business and policy circles that Ukraine was an archetypal “captured state” – a state owned and run almost entirely by a small, insecure and fabulously rich elite. Of course, despite the cloak of academic respectability, the complaint from the West was not … Continue reading
Snap Election And Market Collapse Show Greece Is Still Crippled By Crisis
By Marianna Fotaki The Athens stock market plunged in its biggest one-day fall since the 1980s on December 9, following the Greek prime minister’s shock decision to call a snap presidential election for December 17. This is a parliamentary vote; if the government’s nomination is not approved, a general election will take place early next … Continue reading
