Felix Salmon over at Market Movers has collared one of the Eurasia Group analysts, Ian Bremmer, and got some very good juice out of the guy about his worldview analysis of sovereign debt and the chances of seeing defaults in the foreseeable future. As EM debt is the subject there’s plenty of LatAm talk, with Venezuela, Ecuador and Argentina on the menu as well as some of the smaller regional exposures. Eurasia is a touchstone for these issues and Bremmer doesn’t disappoint. I’m particularly glad that he avoids wading into political marshlands and, in my view at least, calls Venezuela very sensibly.
This is great stuff for all LatAm watchers and highly recommended. I’m not pasting any extracts here, just go over yourself and read at source. Here’s the link. Go.