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Search resuls for: "Stuart Mackintosh"


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In doing so they should deploy the financial innovation which helped to halt the Latin American debt crisis of the 1980s: Brady bonds. It requires a 21st-century Marshall Plan led by America and joined by European allies. For example, the European Bank for Reconstruction and Development has 520 projects in Ukraine and will play an important ongoing role. Specifically, the government in Kyiv should investigate an equivalent to the Brady bonds. For Ukraine to benefit from similar relief, the U.S. Treasury and other key finance ministries should back new Brady bonds.
REUTERS/Dado Ruvic/IllustrationNEW YORK, Sept 27 (Reuters Breakingviews) - American presidents often use economic sanctions as a geopolitical lever against countries with whom they are in conflict but have stopped short of a shooting war. Yet while sanctions can inflict severe economic pain, history suggests they lack a decisive political punch. The sanctions against Russia were swift and closely coordinated. Meanwhile, authorities slapped targeted sanctions on hundreds of Russian individuals, defense and transport firms, financial institutions, tech groups and energy companies. Economic restrictions sped up the country’s transition from apartheid to majority rule by the African National Congress.
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