Day: January 25, 2021


ITALY: Giuseppe Conte: From prime minister to mere spectator

Prime Minister Giuseppe Conte is now set to resign in a (belated) move aimed at maximizing his chances to return as the top candidate to lead a new government backed by a broader coalition. Conte is expected to step down tomorrow, 26 January, after a cabinet meeting that will start at 9:00 local time.… Read the rest


Argentina: Watch Out for the Summer!

Those who are “at-risk groups” will remember February 6, 1989: that day the Plan Primavera in times of José Luis Machinea and Juan Sourrouille blew up. Convertibility began in April 1991 and was the product of a difficult summer. There are more examples showing that in Argentina, summertime is a fertile ground for economic shocks.… Read the rest



Two Chinese-made Covid-19 vaccines will be scrutinized by the WHO. Italy’s prime minister could resign in the coming days. The popularity of Brazil’s president has declined amid a worsening of the pandemic. Meanwhile, Japan will pass a supplemental budget, a new coalition government will be formed in Estonia, an Argentinian state-run energy company has proposed a large bond restructuring, and the parliamentary majority backing Ghana’s president has been tested.… Read the rest



This week, in Brazil, calls for President Jair Bolsonaro’s impeachment are increasing; upcoming congressional leadership votes will determine whether a formal impeachment process ensues. Meanwhile, another debt swap is causing controversy in Argentina, this time involving state-run energy company Yacimientos Petroliferos Fiscales (YPF).… Read the rest