Kiril Mirchev In the last year or two, the global crisis has put the spotlight on developing economies and their ability to take over the baton of global growth. Brazil is one of them. It has a special significance for the countries of the Iberian Peninsula and a particular weight and influence in Latin America. The country's population is already …

Before the global financial crisis, the spread between German bond yields and those of other eurozone countries was relatively narrow and constant. The very membership of the countries in the monetary union was seen as a guarantee of their stability and solvency, which for a long time distorted the markets' perceptions of individual sovereign …