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  • A special report by ING Bank Eurasia
  • Why Achilles heel? Because the Bonn government - once the single-minded champion of European economic union - is paralyzed by problems in its own backyard. It has pumped billions of Deutschmarks and man-years of management into its five new Länder, but they show little sign of surviving without life-support. And Germany's slide into recession, in the west and the east, could jeopardize an early move to European economic and monetary union. David Shirreff reports.
  • Economic policy: a casualty of party politics? The ideological, personal and political battles between Turkey's new government coalition partners could damage economic management. Metin Munir reports.
  • Issuer: GPA Amount: $4.05 billion Launched: March 11 Lead manager: Morgan Stanley
  • Charlotte-based Nationsbank is now hot on the heels of Chase/Chemical and those global investment banks in Europe. But is the full-service ideal right for a house that grew by opportunistic acquisition, mostly of distressed or damaged goods? Philip Eade reports.
  • There are still offshore banking centres that cater for the sleazier end of the market, but most of these are new. The others would have us believe they've grown respectable in their old age. Jules Stewart reports.
  • Hans-Peter Bauer: head of global fixed income and derivatives, UBS, London. Tinny Hasendonckx: head of Euromarket trading- Kredietbank Brussels. Thomas Keller: head of asset/liability management-L-Bank, Germany.
  • Telecoms deregulation has hit the land-of-the-free local call. Danielle Robinson reports on the rich pickings for bankers from the freeing-up of US telephone and broadcasting services as the players fight for a share of integrated markets.
  • Chairman John Reed's successor could be any one of half a dozen managers running the new streamlined Citicorp - Reed is giving nothing away about his favoured choice. But this group is fast changing the culture of the "largest small bank in the world" as it retools its approach to branded products and global coverage. Peter Lee reports.
  • The Bank of China aims to be a major international player by the year 2010. But it faces many challenges, not least of which is the transformation of a large proportion of its international profit - from Hong Kong - into domestic profit in less than 500 days. Sophie Roell reports on the bank's efforts to expand its areas of expertise, introduce tighter controls and achieve real independence.
  • An island powered for success The combination of American know-how and Asian can-do has turned Taiwan into one of the world's leading producers of computer-related electronics. And, despite the Beijing factor, medium- and long-term prospects are excellent. But the island needs to raise investment in R&D to stay ahead of the competition, as Nicholas Bradbury reports.
  • Indonesia's banking sector is currently in a state of flux. Deregulated in 1988, it expanded beyond expectation, but is now set to consolidate. Tighter regulation, tough economic measures, bad loans and lower bank lending are forcing private banks, in particular, to be more entrepreneurial. By James Sinclair.