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  • While many who invested in the collateralized debt obligations market in the 1990s are bailing out after heavy losses, new players with a less emotional approach are enjoying some attractive gains.
  • The strength of Islamists in the ruling AKP lay behind the Turkish legislature’s refusal to bend to US military strategy. The consequences may be dire for the Turkish economy and terminal for the AKP government.
  • Société Générale chairman Daniel Bouton speaks to Euromoney’s Jennifer Morris about his bank’s performance, strategy and prospects
  • The removal of old-guard managers from Egypt's state banks, proposals to clean up NPLs and new capital rules are shaping up the banks for a sell-off.
  • Pfandbrief issuers are increasingly abandoning jumbos in favour of more traditional smaller issues taken to market as strategic need demands.
  • The spectre of a return to Balkan-style politics has raised its ugly head again and threatens to undermine Croatia's recent politico-economic renaissance. Has the country the wherewithal to keep its EU dream alive?
  • Is Kenneth Rogoff making an about-turn? The IMF research head's latest paper seems to back the views of fund critics.
  • The hope is that the EBRD’s annual meeting in Tashkent in May will give a much-needed lift to Uzbekistan’s ailing economy. But relations with multilaterals have never been worse, and the country’s human rights record raises questions about why the meeting is taking place there at all.
  • Gazprom’s recent Eurobond was something of a sovereign surrogate but investors and analysts worry that the money raised won’t do much to hasten the company’s reconstruction.
  • Norway
  • Hungarian privatization has helped place the economy among the best emerging-market performers of the 1990s. However, questions about the transparency of deals reappeared this year.
  • Things are so tough in investment banking that major institutions are prepared to let award-winning credit analysts decamp to the buy side. Among them are some high-fliers in Euromoney's latest annual credit research poll. Kathryn Tully reports.