Trouble ahead in emerging EMEA

Our recent Financial Risk Scorecard ranked 30 emerging markets according to a range of criteria. Europe, the Middle East and Africa (EMEA) is by far the most vulnerable region, with member countries occupying the top 11 slots in the table. There was little surprise that Iceland was in pole position, but other countries that showed high levels of vulnerability have subsequently been forced into IMF bail-outs. These include Ukraine (sixth in our Scorecard) and Hungary (10th), while Turkey, where

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