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Europe
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European authorities last week took unprecedented action to stem contagion from Greece’s debt crisis and prevent a break-up of the eurozone. But deeper questions about the single currency’s future remain unanswered, while euro hopefuls have begun to doubt the merits of joining an increasingly imperilled
currency union
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The three Baltic states have toughed out the worst of the recession bearing considerable pain to put their finances in order. Better times are ahead
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Hungary’s incoming prime minister Viktor Orban’s strident right-wing tone may be more rhetoric than action – at least initially
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Poland’s economic resilience in the face of global crisis has been much applauded. Yet many argue that its relative stability is as much down to fortune as foresight. As Europe readies itself for renewed turbulence, the real test could lie ahead
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Companies across Russia and the CIS are gearing up for an explosion in capital raising this year. As fears over a eurozone break-up recede for now, markets may once again throw open their doors to the region’s funding efforts
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The Hungarian central bank has launched a robust defence of its independence, following last month’s attacks from the new government that interest rates had been kept too high in the crisis
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Bulgaria is pushing ahead to join the pre-euro currency club, the Exchange Rate Mechanism – known as ERM2 - next year, the country’s deputy prime minister has said
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Leading corporate debt experts warned this weekend that companies and lenders in central and eastern Europe (CEE) were in danger of repeating the mistakes they made during the financial crisis
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The chairman of Kazakhstan’s BTA Bank expects to gain support from creditors in a crucial vote at the end of May to finally seal its debt restructuring
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Appetite for funding infrastructure projects in the Balkans will be tested in the coming weeks as a flagship E1.58 billion highway across Montenegro vies for funding amid reports of concerns over the viability of public-private partnerships (PPP) in the region
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Turkmenistan is heading for record economic growth this year, driven by gas exports, Chinese-backed projects and a state investment boom, according to multilateral financial institutions
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Serbia was heading for a showdown with Kosovo in Zagreb this weekend after its deputy prime minister said it would “never” recognize its bid to join the EBRD as an independent state
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Lithuania will launch new spending cuts this year to guarantee eurozone entry in 2014, the country’s prime minister has said, in the latest evidence of continued enthusiasm for joining the single currency despite the current turbulence
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Russia is wary of imposing capital controls in the face of upward pressure on the rouble despite fears that an appreciating currency could damage its industrial base, deputy finance minister Dmitry Pankin said Saturday
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Europe’s economic and political future hung in the balance this weekend after the most turbulent week in the history of the union saw the eurozone spared at the eleventh hour from outright collapse but left the credibility of its key institutions in tatters
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The permanent bailout fund being set up to help struggling members of the eurozone must be made “so unattractive” that no country would voluntarily seek to use it, EU commissioner Olli Rehn, the architect of the mechanism, said on Saturday
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Policymakers from across emerging Europe this weekend appealed to the EU to show leadership, combat the fiscal storm and step up its engagement with its eastern neighbours, amid mounting fears that the region’s economic recovery will be derailed
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The Vienna Initiative helped avert a central and eastern European economic meltdown last year. But more remains to be done, as credit remains largely frozen and as Europe braces for more turmoil
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Investors in eastern and central Europe enjoyed a stunning rebound early this year. But fallout from a faltering eurozone is likely to cloud the picture
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