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Serbia plans to spend €12bn on infrastructure

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Bloomberg Serbia will invest billions of euros in new homes, energy, transportation and digital infrastructure, President Aleksandar Vucic said on Sunday, as the government seeks to boost economic growth prospects. “We are in position to easily ensure at least 10 or even 12 billion euros ($13.4 billion) of funding for new investments,” the president said at a news conference in ...

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Italy needs a major industrial revamp, economist Tenconi says

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Bloomberg The next Italian government needs to get “creative” to fix the country’s stalling economy, according to ADA Economics Ltd. Chief Economist Raffaella Tenconi. Italy’s economy has failed to grow in four out of the last five quarters. While economists predict it will expand again in the second half of the year, gross domestic product is forecast to increase just ...

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Fears of Argentina default loom large

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Bloomberg Argentina is once again on the cusp of a full-blown financial crisis. In the wake of President Mauricio Macri’s stunning rout in primary elections, investors dumped its stocks, bonds and currency en masse, leaving much of Wall Street wondering whether country was headed for yet another default. The upset, widely seen as a preview of October’s presidential vote, threw ...

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