Day: February 25, 2020

Europe

FRANCE: The perils of ramming pension reform through

The intensification of the opposition’s filibustering efforts has led the government to consider using article 49.3 of the constitution to force passage of its pension reform. Prime Minister Edouard Philippe is unlikely to resort to the “nuclear option” immediately, however, as he needs time to maintain the cohesion of the ruling majority and blame the opposition for the parliamentary stalemate.… Read the rest

Emerging Markets

GHANA: Akufo-Addo’s costly popularity boost

President Nana Akufo-Addo’s announcement last week that he would run in the 7 December presidential election comes as no surprise. The weakness of the opposition makes Akufo-Addo the frontrunner, rather than his popularity or the impressive economic headline numbers. In this regard, recent measures aimed at shoring up support in the run-up to the polls come at a hefty price tag, underscoring our view that Ghana’s public debt consolidation path is less sustainable than it might seem.… Read the rest

Teneo-Europe-Report
Emerging Markets

GHANA: Akufo-Addo’s costly popularity boost

President Nana Akufo-Addo’s announcement last week that he would run in the 7 December presidential election comes as no surprise. The weakness of the opposition makes Akufo-Addo the frontrunner, rather than his popularity or the impressive economic headline numbers. In this regard, recent measures aimed at shoring up support in the run-up to the polls come at a hefty price tag, underscoring our view that Ghana’s public debt consolidation path is less sustainable than it might seem.… Read the rest