Bankers are looking at the BRIC countries to expand their business and to boost public private partnership portfolios. Which are the most appealing locations? Silvia Pavoni, John Rumsey, Ben Aris and Kala Rao report on the state of PPP development in Brazil, Russia, China and India .
In theory, joining the EU should force a country to adopt greater policy discipline. In practice, Romania’s muddy political waters and an appetite for spending are about to magnify its vulnerabilities, putting fiscal and monetary policy at odds, writes Adina Postelnicu.