Il rapporto S&P "African Sovereign Ratings Outlook 2026: Positive Momentum Stabilizing" (febbraio 2026) evidenzia un quadro misto per l'Africa. Outlook positivo ma meno marcato rispetto al 2025, con rating medi al livello più alto dal 2020 grazie a riforme, crescita stabile (~4-5%), inflazione bassa, prezzi materie prime favorevoli. Resta l'incognita del debito, che continua ad aumentare, anche per l'interventismo economico cinese.
The Chinese economy appeared to be launched to conquer the world. But numerous signs seem to herald a coming stagnation, particularly with regard to foreign investment.
China has assumed the role of lender of last resort to several countries, in effect creating its own financial system that competes with the activities hitherto carried out by the U.S. and the IMF.
Chinese companies, especially technology companies, extensively use VIEs, typically based in tax havens including the Cayman Islands, to raise foreign capital, including through listing in the U.S. and Hong Kong.
The ratification of the ESM treaty amendment is one of the "hot" topics of the Meloni government. Let us therefore take stock of the situation, trying to make the picture more intelligible than the considerable degree of confusion that seems to reign on the matter.
Turkey is a transformative country with a deficit trade balance that is in extreme need of dollars to pay for imports and the debts of its companies, but the lira's defense in the foreign exchange markets has depleted its currency reserves without halting the Turkish currency's continuous devaluation.
Credit Agricole's significant holding stakes an heavy claim on the future of BPM, Italy's third largest banking group, which is generally considered a prey in the context of the expected further reorganization of our banking system.
What the TPI seems to lack is the ability to convince markets of the existence of an instrument that can be easily deployed to support a country. All that remains is to hope for careful handling of the economic issue by the new government.
A study by Giavazzi, cited by Draghi, proposes the creation of a European agency for debt management that would purchase part of the debt of individual countries from the ECB. The role could fall to the ESM. Why it is not a good idea.
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