Euro

Emerging Markets Outlook Bright in 2012

Original Article in MarketWatch Matt Lasov, director of global research at Frontier Strategy Group, said the emerging markets’ performance in 2012 depends on their relationship to the euro zone. “The euro zone is in a recession that is likely to…

Threat of Eurozone Crisis Spillover Weakens the Ruble

Trend The ruble is depreciating against the dollar as markets anticipate Russia will run a deficit in 2012. We expect the Russian government to intervene in the foreign exchange market in Q1 2012, but a significant decline in oil prices…

The Sovereign Debt Crisis in Emerging Markets (Part I)

What happened? In 2008, banks stopped lending as they were forced to use capital to absorb losses from deteriorating investment portfolios. When lending dried up, business struggled, industrial production contracted, and jobs were lost. Job loss drove the consumer into…

Germany Structuring Path to Euro Exit for Italy, Greece

German Chancellor Angela Merkel’s party voted today to provide a means for Euro-zone markets to voluntarily exit the Euro without losing access to the EU’s free trade zone. This move confirms that Germany is not willing to save the Euro…