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	<title>Sovereign Debt Crisis &#8211; RFR</title>
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	<title>Sovereign Debt Crisis &#8211; RFR</title>
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		<title>Fiscal Cliff, Sequester, Shutdown: What Next?</title>
		<link>https://richesflores.com/2013/10/18/fiscal-cliff-sequester-shutdown-what-next/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Fri, 18 Oct 2013 15:34:21 +0000</pubDate>
				<category><![CDATA[GLOBAL MACRO]]></category>
		<category><![CDATA[Sovereign Debt Crisis]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[US Shutdown]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=2278</guid>

					<description><![CDATA[The latest showdown in Washington raises a whole host of questions and conjectures about what will come after the agreement struck yesterday by the U.S. Senate. A closer look at the most crucial issues involved is therefore in order. It is a tendency inherent in the lingering crisis that has bedeviled the advanced economies for over five years now, and it introduces a new kind of risk—unpredictable, uncontrollable risk with the potential to wreak havoc. 

From Political Farce to Economic Instability

Viewing the federal government shutdown of the past two weeks as political farce may help mitigate the gnawing anxiety over how large a threat it represented to the world economy. In fact, however, this most recent tug-of-war has thrown a new quandary into bold relief: the economy is increasingly at the mercy of politics at its very worst. In other words, our economic future may be shaped by partisan wrangling, even of the most ludicrous variety. This is not just an umpteenth American specialty, either. ]]></description>
		
		
		
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		<title>Leveraging France’s Key Strengths</title>
		<link>https://richesflores.com/2013/04/23/httpwww-richesflores-comwp-contentuploads201305thematics-leveraging-frances-key-strengths_22042013_rf-r1-pdf/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Tue, 23 Apr 2013 09:21:04 +0000</pubDate>
				<category><![CDATA[Demographics]]></category>
		<category><![CDATA[France]]></category>
		<category><![CDATA[Sovereign Debt Crisis]]></category>
		<category><![CDATA[THEMATIC]]></category>
		<category><![CDATA[Themes]]></category>
		<category><![CDATA[austerity]]></category>
		<category><![CDATA[demographics]]></category>
		<category><![CDATA[productivity]]></category>
		<category><![CDATA[strengths]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=1431</guid>

					<description><![CDATA[The French economy is undeniably in a bad way. But trying to overcome its shortcomings with the kind of shock therapy inflicted on Southern Europe would be the most dangerous response, both for France and the entire euro area. An alternative approach is therefore required—one that will necessarily involve leveraging more effectively the factors that set the French economy apart. This, then, is the value of taking a closer look at France’s key strengths.]]></description>
		
		
		
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		<title>The Deleveraging Mirage: A Careful Look at Italy Today</title>
		<link>https://richesflores.com/2013/02/03/the-deleveraging-mirage-a-careful-look-at-italy-today/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Sun, 03 Feb 2013 20:37:29 +0000</pubDate>
				<category><![CDATA[Italy]]></category>
		<category><![CDATA[Sovereign Debt Crisis]]></category>
		<category><![CDATA[THEMATIC]]></category>
		<category><![CDATA[Spain]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=3018</guid>

					<description><![CDATA[Europe’s most distressed countries should see their debt peak in a year or two, before descending to more manageable levels by 2020. Or at least that’s what the IMF, the European Commission, and the credit rating agencies all claim. Coming on the heels of the 2012 crisis, this is a heartening forecast—but a pretty surprising one, too. Just what is it based on? We’ve examined these institutions’ various scenarios for Italy and Spain, whose mounting sovereign debt burden loomed large in 2012, and for France, where the sovereign debt outlook raises a whole host of questions]]></description>
		
		
		
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		<title>After a Summer Break, The Carrot and the Stick</title>
		<link>https://richesflores.com/2012/08/27/after-a-summer-break-the-carrot-and-the-stick/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Mon, 27 Aug 2012 13:46:38 +0000</pubDate>
				<category><![CDATA[GLOBAL MACRO]]></category>
		<category><![CDATA[Sovereign Debt Crisis]]></category>
		<category><![CDATA[Spain]]></category>
		<category><![CDATA[Italy]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=1846</guid>

					<description><![CDATA[After several weeks of major uncertainty, investors hailed the ECB’s promises of late July, and the month of August provided a welcome lull. The two key questions are how long it will be before they start demanding follow-through on those promises, and just what the much-awaited measures will entail. By requiring Spain and Italy to request assistance from the EFSF rescue facility before agreeing to purchases of their government debt, the European leaders will only drive the EU even further into the morass it has been mired in for more than two years. And a growing number of countries in the region will inevitably get dragged down in the process. Unfortunately, those leaders show little inclination to do otherwise.]]></description>
		
		
		
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		<title>Spain: Spiraling Downward in Greek Fashion?</title>
		<link>https://richesflores.com/2012/07/15/spain-spiraling-downward-in-greek-fashion/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Sun, 15 Jul 2012 13:35:45 +0000</pubDate>
				<category><![CDATA[European Monetary Union]]></category>
		<category><![CDATA[GLOBAL MACRO]]></category>
		<category><![CDATA[Sovereign Debt Crisis]]></category>
		<category><![CDATA[Spain]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=1840</guid>

					<description><![CDATA[The current approach to managing the sovereign debt crisis is so absurd that it will wind up destroying the European Monetary Union—perhaps even faster than anyone dares to imagine today. With the economy in free-fall since mid-spring, pressing ahead with fiscal adjustment programs means exposing Europe’s crisis-ridden countries to major risks.]]></description>
		
		
		
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