Papandemonium: Return of Political Risk

Papandemonium: Return of Political Risk
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What does article 44 of the Greek constitution say? What is the difference between Fine Gael and Fianna Fáil on bondholder losses? And how is your knowledge of Slovakian opposition parties?

All of these questions, once only the realm of political scientists, are now highly pertinent for investors, not just in Europe but throughout the world. The direction of markets from European bonds to Asian currencies depends increasingly on politics, often in small countries and on technical issues. This is political risk writ global.

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