DBRS Morningstar Analysis The New Democracy Party (ND), led by Prime Minister Kyriakos Mitsotakis, won 146 out of 300 seats in Greece’s general election on Sunday. This is five seats short of
DBRS Morningstar Analysis The outlook for the Republic of Turkey’s presidential and parliamentary elections, which are scheduled on May 14, 2023, is highly uncertain. For the first time since Tayyip Erdogan was
The new government has presented its first official medium-term budgetary targets since taking office on February 28, with rating agency DBRS Morningstar saying it signals fiscal policy continuity. While the election of
Switzerland’s wealthy and diversified economy, strong fiscal position, and low public debt ratio provide buffers to withstand a substantial shock in excess of the explicit support the government has offered to UBS
Treasury Secretary Janet Yellen said on Sunday that the U.S. federal government will not provide a bailout for Silicon Valley Bank’s investors after the bank was abruptly shuttered, but said financial regulators are “concerned”
Liz Truss has resigned as UK prime minister, with Conservatives expected to choose a new leader within a week. However, her departure could fuel financial market fears as political chaos in the
Economic growth assumptions in France’s 2022-2027 Stability Programme are potentially out of reach, while fiscal targets are unambitious and public finances appear once again set to repair slower than peers, according to
The economic outlook for Germany has deteriorated in recent months due to high energy price inflation and rising gas security risks, the DBRS Morningstar The sharp increase in global energy prices has
The Euro area is expected to see slow growth in the EA in the near term, as economic activity is affected by Russia’s invasion of Ukraine, especially through weaker confidence and higher
While the re-election of Emmanuel Macron reduces the inherent short-term uncertainty that would have been associated with a Le Pen presidency, and reinforces the likelihood of broad policy continuity, fiscal challenges remain
