Germany’s fragmenting political scene tends towards stasis on big decisions, with key voting groups settling for conservatism. It bodes ill for the country’s role in solving EU problems.

In the second part of Euromoney’s cash management roundtable, the participants look at the effect of volatility in foreign exchange and commodity prices and how new products are giving treasurers more investment options.

Senior creditors ‘have too much power’; Juniors pay price of distress

Belgium’s strained communal relations and ramshackle politics mean its financial problems could be fatal for the nation.

Reliance Adag chairman faces regulatory sanctions; Company’s governance shown to be wanting

Governance weaknesses exposed; Sector in limbo

Growth is good for emerging economies but overheating is an ever-present danger. Governments are still failing to devise suitable cooling measures.

John Havens takes over day-to-day running of the firm; Vikram Pandit concentrates on strategy

Banks mandated for BGZ listing; ‘Pension changes won’t impact demand’

Was 3% fall triggered by prop or client trade?; concerns raised about programme trading.

New S&P ranking claims serious shortfalls at Credit Suisse, Deutsche Bank and Morgan Stanley.

Morse’s Primus group loses out – again; Regulators still uneasy about mainland money

Part of south-south trade flow trend; More such deals are likely

Record issuance predicted; But investors will be more choosy

Record amount of yankee bond issuance in January; Should US investors be more cautious?

Presidential elections scheduled for April; $500 million issuance oversubscribed

Michael Evans’ promotion emphasizes importance to growth prospects; Internal politics also plays a role

Equity markets tipped for growth; Concerns linger over structural reform

Concerted intervention curbs appreciation; Interest rate differentials counteracted by IOF

North Korea. Zimbabwe. Tunisia. Algeria. Iraq. Pakistan. Egypt. It’s a list of the world’s flashpoints. And they’re all part of Egyptian entrepreneur Naguib Sawiris’s unique telecoms empire. So when his Orascom group needed financing, and then sought a buyer, it presented Sawiris’s advisers with a unique set of challenges. Eric Ellis tells the fascinating story of corporate finance in the new world order.